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The fair value of Wallis, Inc.'s depreciable assets exceeds their book value by $100 million. The assets have an average remaining useful life of 10
The fair value of Wallis, Inc.'s depreciable assets exceeds their book value by $100 million. The assets have an average remaining useful life of 10 years and are being depreciated by the straight-line method. Park Industries buys 30% of Wallis's common shares. When Park adjusts its Investment revenue and the investment by the equity method, how will the situation described affect those two accounts? (Enter your answer in millions rounded to 2 decimal places (l.e., 3,300,000 should be entered as 3.30).) would be by million each year for remaining 10 years
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