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DochEvi [55]
2 years ago
5

At the start of the current year, Company A purchased 30% of Company B for $45 million. At the time of purchase, the carrying va

lue of Company B's net assets was $75 million. The fair value of Company B's depreciable assets was $15 million in excess of their book value. For this year, Company B reported a net income of $75 million and declared and paid $15 million in dividends.
The total amount of additional depreciation to be recognized by SBC over the remaining life of the assets is: _________

a. $4.5 million.
b. $15 million.
c. $27 million
d. None of these answer choices are correct.
Business
1 answer:
brilliants [131]2 years ago
5 0

Answer: a. $4.5 million

Explanation:

The depreciation to be recognized is;

= Value of Depreciable assets * Percent of company owned

= 15,000,000 * 30%

= $4,500,000

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