Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a parent entity group sold a depreciable non-curre

A parent entity group sold a depreciable non-current asset to a subsidiary entity for $5...

90.2K

Verified Solution

Question

Accounting

A parent entity group sold a depreciable non-current asset to a subsidiary entity for $5 300. The asset originally cost $7 000 when acquired from an external party and at the date of the intragroup sale the accumulated depreciation was $2 200. The amount of the unrealised gain on the intragroup sale to be eliminated is: $500 $2 200 $4 800 $5 300

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Programming
1.2K views

Briefly explain the process of documenting the scene of a computer-related incident

Physics
1.2K views

Rockets can be spin-stabilized; that is, they can fly straighter through space if they rotate around...

Economics
1.2K views

Consider a perfectly competitive firm that produces output using a wellbehaved production function y = f(x1,x2)....

Biology
1.2K views

When did childbirth in the US begin to move out of the home and into...

Physics
1.2K views

All of the following images can be formed by a converging lens except which one...

Algebra
1.2K views

Which function has lowest rate of change?5x - 2y = 15 (or) Cost of 5...

Algebra
1.2K views

If a polynomial f x has a remainder of 1 when divided by x 5...

Accounting
1.2K views

When there is an involuntary conversion of partnership property, the partners can get deferral of...

Accounting
1.2K views

Indicate how the item listed would be handled in preparing a bank reconciliation: Bank service...

Accounting
1.2K views

Seasonal Products Corporation expects the following monthly sales: January $ 20,000 July $ 10,000 February...

Accounting
1.2K views

At the beginning of the recent period, there were 1,380 units of product in a...

Accounting
1.2K views

Rowdy Hill (40% shareholder) received the following amount from Hill production Inc. this year. Salary...