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The fair value of Wals, Inc.'s depreciable assets exceeds their book value by $65 million. The assets have an average remaining useful life of 10

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The fair value of Wals, Inc.'s depreciable assets exceeds their book value by $65 million. The assets have an average remaining useful life of 10 years and are being depreciated by the straight-line method. Park Industries buys 25% 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 (I.e., 3,300,000 should be entered as 3.30).) would be by million each year for remaining 10 years The fair value of Wallis, Inc.'s depreciable assets exceeds their book value by $65 million. The assets have an average remaining useful life of 10 years and are being depreciated by the straight line method, Park Industries buys 25% 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 (le, 3,300,000 should be entered as 3.30).) would be by milion each year for remaining 10 years decreased increased The fair value of Wallis, Inc.'s depreciable assets exceeds their book value by $65 million. The assets have an average remaining useful life of 10 years and are being depreciated by the straight-line method. Park Industries buys 25% 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 accounts? (Enter your answer in millons rounded to 2 decimal places (l.e., 3,300,000 should be entered as 3.30).) would be by milion each year for remaining 10 years. Both accounts Investment Investment revenue

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