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What the non-controlling interest share

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Question - On January 1, 2017, HHH Corporation purchased a truck with a useful life of five years, and a salvage value of $8,000. On January 1, 2019, HHH sold the truck to DDD Corporation. DDD assumed the same salvage value and remaining life of three years used by HHH. Straight-line depreciation is used by both companies. On January 1, 2019, HHH recorded the following journal entry:

Debit Credit

Cash 50,000

Accumulated depreciation 18,000

Truck 53,000

Gain on Sale of Truck 15,000

DDD holds 60% of HHH. HHH reported net income of $55,000 in 2019 and DDD's separate net income (excludes interest in HHH) for 2019 was $98,000.

Required - What the non-controlling interest share for 2019?

A) $26,000.

B) $22,000.

C) $23,000.

D) $18,000.

Reference no: EM133035125

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