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Photos - Screenshot (259).png See all phalus + Add to Search X Edit & Creale Share 8 ... Page 1: The Parent Company had purchased

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Photos - Screenshot (259).png See all phalus + Add to Search X Edit & Creale Share 8 ... Page 1: The Parent Company had purchased a piece of equipment for $100,000 the equipment is expected to last 10 years with no salvage. At the beginning of year 5, Parent Company sold the equipment to its wholly owned subsidiary Subbie Company for $66000. Subbie Company believes the machine will last 6 years and have no salvage. Subbie also uses straight line depreciation. At the end of year 6 what worksheet adjustment will be needed for retained earnings? O credit 6000 debit 6000 none credit 5000 Odebit 5000 ENG 856 PM Type here to search INTL 2/20/2020

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