Finding out the depreciation expense

Reference no: EM13132083

Ground Parrot Company completely owns Heathlands Inc. On January 2, 2005 Ground Parrot sold Heathlands machinery at its book value of $30,000. Ground Parrot had the machinery two years before selling it and used a five-year straight-line depreciation method, with zero salvage value. Heathlands will use a three-year straight-line method. In the 2005 consolidated income statement, the depreciation expense:

A-Required no adjustment.

B-Decreased by $4,000.

C-Increased by $4,000

D-Increased by $30,000

Reference no: EM13132083

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