Required Information On January 1, 20X7, Server Company purchased a machine with an expected economic life of five years. On January 1, 20x9, Server sold the machine to Patron Corporation and recorded the following entry: Patron Corporation holds 75 percent of Server's voting shares. Server reported net income of $50,000, and Patron reported income from Its own operations of $100,000 for 209. There is no change in the estimated economic life of the equipment as a result of the intercorporate transfer. ased on the preceding Information, In the preparation of the 209 consolidated balance sheet, machine will be: Multiple Choice debited for $1,000. debited for $25,000. credited for $45,000. debited for $15,000. Required Information On January 1, 20X7, Server Company purchased a machine with an expected economic life of five years. On January 1, 20x9, Server sold the machine to Patron Corporation and recorded the following entry: Patron Corporation holds 75 percent of Server's voting shares. Server reported net income of $50,000, and Patron reported income from Its own operations of $100,000 for 209. There is no change in the estimated economic life of the equipment as a result of the intercorporate transfer. ased on the preceding Information, In the preparation of the 209 consolidated balance sheet, machine will be: Multiple Choice debited for $1,000. debited for $25,000. credited for $45,000. debited for $15,000