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Pea Company purchased 7 0 percent of Split Company's stock approximately 2 0 years ago. On December 3 1 , 2 0 X 8 ,
Pea Company purchased percent of Split Company's stock approximately years ago. On December X Pea purchased a
building from Split for $ Split had purchased the building on January at a cost of $ and used straightline
depreciation on an expected life of years. The asset's total estimated economic life is unchanged as a result of the intercompany
sale.
Required:
a What amount of depreciation expense on the building will Pea report for X
Answer is complete and correct.
tableAnnual depreciation expense reported by Pea,$
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