User Account

All Pages

How much depreciation expense will the subsidiary record

Assignment Help Accounting Basics
Reference no: EM132725545

Parent buys building (useful life 10 years) for $3,000,000 on January 1, 2020. On that same date, parent sells building to 80% owned subsidiary for $4.000,000. Subsidiary will use the same 10 year use?il life.

Question a. How much Depreciation Expense will the subsidiary record in 2020

Question b. How much is consolidated Depreciation expense in 2020

Question c. What two worksheet entries are required for year end 2020 (hint: entries TA and ED)

Reference no: EM132725545

Questions Cloud

Corporate social responsibility and social enterprise : Is there any difference and similarity between corporate social responsibility (CSR) and Social Enterprise? Explain.
How much is consolidated cost of goods sold : In 2020 parent reports Cost of Goods Sold of $4,000,000 and sub reports Cost of Goods Sold of $1,000,000. How much is Consolidated Cost of Goods Sold
K-means clustering algorithm : Discuss the strengths and weaknesses of using K-Means clustering algorithm to cluster multi class data sets.
Purpose of property management : What is the purpose of property management, and its relationship to asset management?
How much depreciation expense will the subsidiary record : Parent buys building (useful life 10 years) for $3,000,000 on January 1, 2020. How much Depreciation Expense will the subsidiary record in 2020
Combining multiple anomaly detection techniques : Discuss techniques for combining multiple anomaly detection techniques to improve the identification of anomalous objects.
Difference between macro-environment and micro-environment : Describe the difference between the macro-environment and the micro-environment.
What were the joint costs all allocated to product pel : Kamagong uses the net realizable value method for allocating joint product costs, what were the joint costs all allocated to product PEL for March 2013?
What does it mean to be a global organization : What does it mean to be a global organization? Why is your chosen organization global?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd