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Preparing the I consolidation entries for sale of depreciable assets - Equity method remaining useful life of 6 years. The parent uses the equity method
Preparing the I consolidation entries for sale of depreciable assetsEquity method remaining useful life of years. The parent uses the equity method to account for its Equity Investment.
a Compute the annual preconsolidation depreciation expense for the subsidiary postintercompany sale and the parent preintercompany sale
Subsidiarydepreciation $
Parentdepreciation $
b Compute the preconsolidation Gain on Sale recognized by the parent during
c Prepare the required I consolidation entry in assume a full year of depreciation
tableDescriptionDebit,CreditlgainEquipment,,,
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