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Zebra Company owns 7 0 percent of Quake Company's stock. On December 3 1 , 2 0 X 8 , Zebra purchased a building from

Zebra Company owns 70 percent of Quake Company's stock. On December 31,20X8, Zebra purchased a building from Quake for $444,000. Quake had purchased the building on January 1,20X1, at a cost of $544,000 and used straight-line depreciation on an expected life of 20 years. The asset's total estimated economic life is unchanged as a result of the intercompany sale. Assume Zebra and Quake report depreciation expense of $50,000 and $28,000, respectively, for 20X9, what depreciation amount will be reported in the consolidated income statement for 20X9?
A $78,000
B $41,000
C $50,800
D $68,200

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