Pes Company purchased $70$ percent of Spit Company's stock approximately $20$ years ego. On Decenber $31,20$x$8,$ Pea purchased a bulding from $ pilt for $$300000,$ spilt had punchased the bullding on January $L20L$ at a cost of $$400,000$ and used straightiline depreciation on an expeded life of $20$ years. The assets total estimated economic life is unchanged is a resut of the intercompany sale.

Required:

a$.$ What amount of depreciation oxpense on the buliding will Pea report for $209?$

Answer lo complete end cornet.

$6.$ What amount of depreciation expense woud Split have reported for $209$ if it had continued to own the butding?

Answer is complete and corroct.

$1.$

c$.$ Prepare the consolidaton entry or entries noeded to elminite the chtedes of the intercompany bulding trancter in preparing a ful set of consolideted financial statements at Dectenber $31,209$

Answer is complete and cometr

$\backslash$table$[[$No$,$Evant,Acovunthin,,Betir,crednt$],[$A$,1,$Investrent in spil company,$49,42000401),],[,$NCI h Nat Asab of Sphl Company,$(1),1800060,],[,$Bulding,$2,1$opoop $($e$),],[,$Acomilded depledition,$(1),,100$pop