Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. par owns 91.13% of sub corp. par sold depreciable

Par owns 91.13% of Sub Corp. Par sold depreciable assets to Sub on January 1,...

50.1K

Verified Solution

Question

Accounting

image
Par owns 91.13% of Sub Corp. Par sold depreciable assets to Sub on January 1, Year 3, at a before tax gain of 548 , 163. On January 1, Year 4, Sub sold depreciable assets to Par at a before tax gain of 596,327 . Both assets are being depreciated over ten (10) years. The tax rate for both companies is 31.71%. How much after-tax intercompany gain or loss was realized duning Year 4 from Sub's sale of assets to Par in Year 4 ? a. 54,922 b. $4.805 C $4.571 d. $4,608 e. $5.039

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

Medical Sciences
1.2K views

The membrane potential changes relative to RMP during depolarization and hyperpolarization.  How do they affect the probability of...

Basic Math
1.2K views

The table below gives the age and bone density for five randomly selected women. Using this data,...

Biology
1.2K views

What is the heart's "pacemaker"?A. aortaB. veinsC. SA NodeD. arteries

Geometry
1.2K views

Find the measures of the numbered angles in the kite Note Input answer as 1...

Calculus
1.2K views

Given that the graph of f x passes through the point 4 2 and that...

Calculus
1.2K views

6 Compute the derivative of y ln x 5

Algebra
1.2K views

17 A Elm El dy dx sin x dx 3 2 3 B 2 3...

Accounting
1.2K views

\{ \{

Accounting
1.2K views

1. A company has the option of building a warehouse now or building it three...

Accounting
1.2K views

Sarah Corp. sells one product and uses a perpetual inventory system. The beginning inventory consisted...

Accounting
1.2K views

The Kelsh Company has two divisions--North and South. The divisions have the following revenues and...

Finance
1.2K views

14. Fill in the blank spaces with categories 1 through 7: 1. Balance sheet (BS)...