Paper elmination for pong and subsidiary for fiscal year

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Reference no: EM13150455

On March 31, 2006 Pong corporation paid its wholly owned subsidiary sung company $222500 for a plant asset having a carrying amount to sung of $200000. Pibg established an economic life of five years no residual value and the sum of the years digits method of depreciation for the plant asset. The appropriate working paper elmination for pong and subsidiary for the fiscal year ended March 31, 2007, includes a credit to depreciation expense pong in the amount of how much

Reference no: EM13150455

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