Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 18 Not yet answered Marked out of 1.00 Flag question IF equipment account at 1/1/2019 was ( 150,000 for parents ,160,000 for subsidiary) and

image text in transcribed

Question 18 Not yet answered Marked out of 1.00 Flag question IF equipment account at 1/1/2019 was ( 150,000 for parents ,160,000 for subsidiary) and at 31/12/2019 ( 160,000 for patents, 180,000 for subsidiary ) if equipment in subsidiary co fair value at beginning of the year was more than book value by 5,000$ and useful life 5 years . what the amount of equipment reported in consolidated balance sheet in 31/12/2019 Select one: a. 345,000 b. 344,000 c. 335,000 d. 336,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

b. What groups were most represented? Why do you think this is so?

Answered: 1 week ago