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What the amount of the unrealised gain on intragroup sale

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Question - A parent entity group sold a depreciable non-current asset to a subsidiary entity for $5 300. The asset originally cost $7 000 when acquired from an external party and at the date of the intragroup sale the accumulated depreciation was $2 000. What the amount of the unrealised gain on the intragroup sale to be eliminated?

a. $300.

b. $5,300.

c. $500.

d. $5,000.

Reference no: EM132841707

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