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Pratt Company owns 80% of Sage Corporation. On January 1, 2018 Pratt sold equipment to Sage at a gain. Sage is using an eight-year straight-line
Pratt Company owns 80% of Sage Corporation. On January 1, 2018 Pratt sold equipment to Sage at a gain. Sage is using an eight-year straight-line rate with no residual value. In the consolidated income statement, Sages recorded depreciation expense on the equipment for 2018 will be reduced by what percentage.
Please explain how to calculate
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