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I need the answer as soon as possible 28 On 1/1/2020, P Inc.acquired...

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Accounting

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28 On 1/1/2020, P Inc.acquired all of S Inc's common shares for cash equal to the stock's book value. The book value amounts of S assets and liabilities approximated their fair values, except that its building book value was more than fair values,In preparing P 2020 consolidated income statement which of the following adjustments would be made? Select one: a. Increase depreciation expense b. Decrease depreciation expense c. no entry d. adjustments for gain

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