Business, 20.10.2021 03:40, HockeyBlockpk7039

Fath Co. owns 100% of Son, Inc. On January 2, year 1, Fath sold equipment with an original cost of $80,000 and a carrying amount of $48,000 to Son for $72,000. Fath had been depreciating the equipment over a five-year period using straight line depreciation with no residual value. Son is using straight line depreciation over 3 years with no residual value. In Fath's December 31, year 1, consolidating worksheet, by what amount should depreciation expense be decreased

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Fath Co. owns 100% of Son, Inc. On January 2, year 1, Fath sold equipment with an original cost of $...