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Thomson Corporation owns 70 percent of the outstanding stock of Stayer, Incorporated. On January 1, 2019, Thomson acquired a building with a 10 year Me

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Thomson Corporation owns 70 percent of the outstanding stock of Stayer, Incorporated. On January 1, 2019, Thomson acquired a building with a 10 year Me for $458,000. Thomson depreciated the building on the straight line basis assuming no salvage value on January 2021. Thomson soldes bulleting to Stayer for $112.000. At that time, the building had a remaining life of eight years but still no expected salvage value in preparing financial statements for 2021, now does this transfer affect the computation of consolidated net income? Multiple Choice Net income is reduced to $39,900 utcome is reduced by $45,000 Het income is reduced by $41.000 Income is reduced by S51.300

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