Calculate the pre-consolidation yearly depreciation expense for the subsidiary (post intercompany sale) and the parent (pre-intercompany sale).

Question

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Answer 1

Question

Chapter 4, Problem 36E

a.

To determine

Calculate the pre-consolidation yearly depreciation expense for the subsidiary (post

intercompany sale) and the parent (pre-intercompany sale).

b.

To determine

Calculate the pre-consolidation gain on sale recognized by the parent during 2013.

c.

To determine

Prepare the required [I] consolidation entry in 2013 assumes a full year of depreciation.

d.

To determine

Mention the amount of adjustment entry in regarding the deferred gain on intercompany

sale and also specify the account that will be debited or credited in the adjustment entry.

e.

To determine

Prepare the required [I] consolidation entry in 2016 (assuming the subsidiary is still

holding the equipment).

f.

To determine

Mention the period until which consolidation [I] entries should be prepared.

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Answer 2

Question

Chapter 4, Problem 36E

a.

To determine

Calculate the pre-consolidation yearly depreciation expense for the subsidiary (post

intercompany sale) and the parent (pre-intercompany sale).

b.

To determine

Calculate the pre-consolidation gain on sale recognized by the parent during 2013.

c.

To determine

Prepare the required [I] consolidation entry in 2013 assumes a full year of depreciation.

d.

To determine

Mention the amount of adjustment entry in regarding the deferred gain on intercompany

sale and also specify the account that will be debited or credited in the adjustment entry.

e.

To determine

Prepare the required [I] consolidation entry in 2016 (assuming the subsidiary is still

holding the equipment).

f.

To determine

Mention the period until which consolidation [I] entries should be prepared.

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Answer 3

Question

Chapter 4, Problem 36E

a.

To determine

Calculate the pre-consolidation yearly depreciation expense for the subsidiary (post

intercompany sale) and the parent (pre-intercompany sale).

b.

To determine

Calculate the pre-consolidation gain on sale recognized by the parent during 2013.

c.

To determine

Prepare the required [I] consolidation entry in 2013 assumes a full year of depreciation.

d.

To determine

Mention the amount of adjustment entry in regarding the deferred gain on intercompany

sale and also specify the account that will be debited or credited in the adjustment entry.

e.

To determine

Prepare the required [I] consolidation entry in 2016 (assuming the subsidiary is still

holding the equipment).

f.

To determine

Mention the period until which consolidation [I] entries should be prepared.

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Answer 4

Question

Chapter 4, Problem 36E

a.

To determine

Calculate the pre-consolidation yearly depreciation expense for the subsidiary (post

intercompany sale) and the parent (pre-intercompany sale).

b.

To determine

Calculate the pre-consolidation gain on sale recognized by the parent during 2013.

c.

To determine

Prepare the required [I] consolidation entry in 2013 assumes a full year of depreciation.

d.

To determine

Mention the amount of adjustment entry in regarding the deferred gain on intercompany

sale and also specify the account that will be debited or credited in the adjustment entry.

e.

To determine

Prepare the required [I] consolidation entry in 2016 (assuming the subsidiary is still

holding the equipment).

f.

To determine

Mention the period until which consolidation [I] entries should be prepared.

Expert Solution & Answer

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Answer 5

Chapter 4, Problem 36E

a.

To determine

Calculate the pre-consolidation yearly depreciation expense for the subsidiary (post

intercompany sale) and the parent (pre-intercompany sale).

b.

To determine

Calculate the pre-consolidation gain on sale recognized by the parent during 2013.

c.

To determine

Prepare the required [I] consolidation entry in 2013 assumes a full year of depreciation.

d.

To determine

Mention the amount of adjustment entry in regarding the deferred gain on intercompany

sale and also specify the account that will be debited or credited in the adjustment entry.

e.

To determine

Prepare the required [I] consolidation entry in 2016 (assuming the subsidiary is still

holding the equipment).

f.

To determine

Mention the period until which consolidation [I] entries should be prepared.

Answer 6

Chapter 4, Problem 36E

a.

To determine

Calculate the pre-consolidation yearly depreciation expense for the subsidiary (post

intercompany sale) and the parent (pre-intercompany sale).

Answer 7

Chapter 4, Problem 36E

a.

To determine

Calculate the pre-consolidation yearly depreciation expense for the subsidiary (post

intercompany sale) and the parent (pre-intercompany sale).

Answer 8

b.

To determine

Calculate the pre-consolidation gain on sale recognized by the parent during 2013.

Answer 9

b.

To determine

Calculate the pre-consolidation gain on sale recognized by the parent during 2013.

Answer 10

c.

To determine

Prepare the required [I] consolidation entry in 2013 assumes a full year of depreciation.

Answer 11

c.

To determine

Prepare the required [I] consolidation entry in 2013 assumes a full year of depreciation.

Answer 12

d.

To determine

Mention the amount of adjustment entry in regarding the deferred gain on intercompany

sale and also specify the account that will be debited or credited in the adjustment entry.

Answer 13

d.

To determine

Mention the amount of adjustment entry in regarding the deferred gain on intercompany

sale and also specify the account that will be debited or credited in the adjustment entry.

Answer 14

e.

To determine

Prepare the required [I] consolidation entry in 2016 (assuming the subsidiary is still

holding the equipment).

Answer 15

e.

To determine

Prepare the required [I] consolidation entry in 2016 (assuming the subsidiary is still

holding the equipment).

Answer 16

f.

To determine

Mention the period until which consolidation [I] entries should be prepared.

Answer 17

f.

To determine

Mention the period until which consolidation [I] entries should be prepared.

Answer 18

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Answer 19

Expert Solution & Answer

Answer 20

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Answer 21

Ch. 4 - Prob. 1Q Ch. 4 - Prob. 2Q Ch. 4 - Prob. 3Q Ch. 4 - Prob. 4Q Ch. 4 - Prob. 5Q Ch. 4 - Prob. 6Q Ch. 4 - Prob. 7Q Ch. 4 - Prob. 8Q Ch. 4 - Prob. 9Q Ch. 4 - Prob. 10Q

Calculate the pre-consolidation yearly depreciation expense for the subsidiary (post intercompany sale) and the parent (pre-intercompany sale).

Calculate the pre-consolidation yearly depreciation expense for the subsidiary (post intercompany sale) and the parent (pre-intercompany sale).

Calculate the pre-consolidation gain on sale recognized by the parent during 2013.

Prepare the required [I] consolidation entry in 2013 assumes a full year of depreciation.

Mention the amount of adjustment entry in regarding the deferred gain on intercompany sale and also specify the account that will be debited or credited in the adjustment entry.

Prepare the required [I] consolidation entry in 2016 (assuming the subsidiary is still holding the equipment).

Mention the period until which consolidation [I] entries should be prepared.

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Chapter 4 Solutions

Calculate the pre-consolidation yearly depreciation expense for the subsidiary (post

intercompany sale) and the parent (pre-intercompany sale).

Mention the amount of adjustment entry in regarding the deferred gain on intercompany

sale and also specify the account that will be debited or credited in the adjustment entry.

Prepare the required [I] consolidation entry in 2016 (assuming the subsidiary is still

holding the equipment).