_____ On 1/2/06, Palex sold equipment costing $100,000 to its 100%-owned subsidiary, Salex, for $75,000. At the time of the sale, the equipment had been 60% depreciated (using the straight-line method and an assigned life of 10 years). Salex continued depreciating the equipment by using the straight-line method but assigned a remaining life of 5 years.
What is the amount of the adjustment to Depreciation Expense in preparing the consolidation worksheet at 12/31/06?

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The Answer of _____ On 1/2/06, Palex sold equipment costing $100,000 to its 100%-owned subsidiary, Salex, for $75,000. At the time of the sale, the equipment had been 60% depreciated (using the straight-line method and an assigned life of 10 years). Salex continued depreciating the equipment by using the straight-line method but assigned a remaining life of 5 years.
What is the amount of the adjustment to Depreciation Expense in preparing the consolidation worksheet at 12/31/06?

_____ on 1/2/06, Palex Sold Equipment Costing $100,000 to Its