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Under the equity method of accounting depreciation and

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Reference no: EM13609601

Under the equity method of accounting, depreciation and amortization of the date-of-business-combination differences between current fair values and carrying amounts of a subsidiary's identifiable net assets is debited in a journal entry to the:

  • Subsidiary's expense ledger accounts
  • Parent company's expense ledger accounts
  • Subsidiary's Retained Earnings ledger account

Parent company's Intercompany Investment Income ledger account

Reference no: EM13609601

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