Woodstocks investment in ingersol on december

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Question: On January 2, Y4 Woodstock Company sold equipment with carrying amount of $45,000 to Ingersol Company, its wholly owned subsidiary, for $60,000. The equipment had a remaining useful life of three years with zero salvage value. Both firms use the straight-line depreciation method and assume no residual value. If Woodstock forgot to make year-end equity adjustments, Woodstock's investment in Ingersol on December 31, Y4 was

Reference no: EM133612363

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Woodstocks investment in ingersol on december : If Woodstock forgot to make year-end equity adjustments, Woodstock's investment in Ingersol on December 31, Y4 was
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