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At what amount should the machine be reported

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Question - On January 1, 2021, Pink Corp. 'sold' a machine for $15000 to Slink Corp., its wholly-owned subsidiary. Pink paid $32000 for this machine. At January 1, 2021, accumulated depreciation was $6000. The remaining useful life is assumed to be 10 years. Straight line depreciation is used by both companies. In Pink's December 31, 2021 consolidated balance sheet, at what amount should the MACHINE be reported?

Reference no: EM133183615

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