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. P sells to S equipment costing $4,000 with accumulate depreciation of 2,500 on 1/1/15 for $300. Remaining life = 3 years. Make all required

. P sells to S equipment costing $4,000 with accumulate depreciation of 2,500 on 1/1/15 for $300. Remaining life = 3 years. Make all required consolidating entries for 2015

ACCOUNT

DEBIT

CREDIT

If SNI = $1,000 in 2016, what will be equity income? Hint: $1,400 or $600.

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