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Please hurry up as soon as possible Pasha Corporation acquired 60 percent of Sam Enterprises on June 1, 2005. At that date, Sam had inventory
Please hurry up as soon as possible
Pasha Corporation acquired 60 percent of Sam Enterprises on June 1, 2005. At that date, Sam had inventory with a market value $80,000 greater than book value and plant assets (net) with a market value $192,000 greater than book value. The estimated remaining life of the inventory and the plant assets are four months and 10 years, respectively. What is the amount of differential amortization recognized in the worksheet elimination on 31/12/2005? a. Cost of Goods Sold $80,000 debit; Depreciation Expense $19,200 debit ob. Cost of Goods Sold $80,000 debit; Depreciation Expense $11,200 debit O C. Cost of Goods Sold $80,000 credit, Depreciation Expense $19,200 credit d. Cost of Goods Sold $80,000 credit; Depreciation Expense $11,200 creditStep by Step Solution
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