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Question Completion Status: QUESTION 33 Alpha owns 100% of the stock in Omega. On January 1, Year 1, Alpha owns a building with a cost

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Question Completion Status: QUESTION 33 Alpha owns 100% of the stock in Omega. On January 1, Year 1, Alpha owns a building with a cost of $30 million, and accumulated depreciation of 320 million. It has 10 more years of expected useful life. Alpha uses the equity method for accounting for investments. What would be the entries that Alpha would make in year 1 and 2 for this buildng. If it continues to own it? (4 points) Give two entries. TTT Arial 3(12pt) TEEB. 25 Path:p Words: QUESTION 34 Use the same facts as the prior question. Now assume that Alpha sold the building to Omega on January 1 Year 1. for 328 million. What entry would Alpha make to record the sale of the building? (2 points) Arial 3 (121) T.E.E

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