Preparing the [I] consolidation journal entries for sale of depreciable assets - Equity method method...
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Preparing the [I] consolidation journal entries for sale of depreciable assets - Equity method method to account for its Equity Investment. a. Compute the annual depreciation expense for the subsidiary (pre-intercompany sale) and the parent (post-intercompany sale). b. Compute the pre-consolidation Gain on Sale recognized by the subsidiary during 2011. c. Prepare the required [I] consolidation journal entry in 2011 (assume a full year of depreciation)
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