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How much is the consolidated equipment - net

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Question - On January 1, 2021, K acquired 75% of L. At that time, L equipment has a carrying amount of 100,000 and a fair value of 120,000. The equipment has a remaining useful life of 10 years.

On December 31, 2022, K and L reported equipment with carrying amounts of 500,000 and 300,000, respectively. How much is the consolidated "equipment - net" in the December 31, 2022 financial statements?

Reference no: EM133053142

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