Assuming there are no excess amortizations associated with the consolidation, and no other intra-entity asset transfers, what amount of this gain should be recognized for consolidation purposes for 2017?
A) $12,000.
B) $9,600.
C) $8,400.
D) $2,000.
E) $1,200.

Question

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The Answer of Assuming there are no excess amortizations associated with the consolidation, and no other intra-entity asset transfers, what amount of this gain should be recognized for consolidation purposes for 2017?
A) $12,000.
B) $9,600.
C) $8,400.
D) $2,000.
E) $1,200.

Assuming There Are No Excess Amortizations Associated with the Consolidation