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please help with the textbook question 18. Parent buys building (useful life 10 years) for $3,000,000 on January 1, 2020. On that same date, parent

please help with the textbook question

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18. Parent buys building (useful life 10 years) for $3,000,000 on January 1, 2020. On that same date, parent sells building to 80% owned subsidiary for $4.000,000. Subsidiary will use the same 10 year useil life. a. How much Depreciation Expense will the subsidiary record in 2020 b. How much is consolidated Depreciation expense in 2020 c. What two worksheet entries are required for year end 2020 (hint: entries TA and ED) 19. In 2019 a 90% owned subsidiary had $60,000 of unrealized gains on intercompany sales to its parent. In 2020 the subsidiary sold $200,000 of goods to its parent and had $30,000 of unrealized gains. In 2020 parent reports Cost of Goods Sold of $4,000,000 and sub reports Cost of Goods Sold of $1,000,000. How much is Consolidated Cost of Goods Sold 20. Assume the same facts as problem 19. If in 2020 the subsidiary had net income of $150,000, what would be the noncontrolling interest in subsidiary net income 21. Harry purchases 80% of David by paying $50 a share for 40,000 shares of David. The remaining 10,000 shares of David are worth $40 per share both before and after the acquisition. Assume that 100% of the fair value of net assets acquired (FVNAA) of David at date of acquisition is $2,200,000. A. Calculate Goodwill B. How much Goodwill is allocated to the controlling interest and the noncontrolling interest

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