Business, 09.12.2021 19:40 dannnaa

Zest Co. owns 100% of Cinn, Inc. On January 2, Year 1, Zest sold equipment with an original cost of $80,000 and a carrying amount of $48,000 to Cinn for $72,000. Zest had been depreciating the equipment over a five-year period using straight-line depreciation with no residual value. Cinn is using straight-line depreciation over three years with no residual value. In Zest's December 31, Year 1, consolidating worksheet, by what amount should depreciation expense be decreased? a. $0
b. $8,000
c. $16,000
d. $24,000

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Zest Co. owns 100% of Cinn, Inc. On January 2, Year 1, Zest sold equipment with an original cost of...

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