The parent company leased a machine to its subsidiary using a direct-financing lease that included a bargain purchase option.As a result of the intercompany lease, the following items should be eliminated in the consolidation process: ?
$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\text { Depreciation }$
$\begin{array}{llll}\text { Machine}&\text { Debt }&\text { Interest}&\text { Expense }\\end{array}$

Question

The parent company leased a machine to its subsidiary using a direct-financing lease that included a bargain purchase option.As a result of the intercompany lease, the following items should be eliminated in the consolidation process: ?
$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\text { Depreciation }$
$\begin{array}{llll}\text { Machine}&\text {  Debt }&\text { Interest}&\text {  Expense }\\end{array}$

Quizplus · Accepted Answer

The Answer of The parent company leased a machine to its subsidiary using a direct-financing lease that included a bargain purchase option.As a result of the intercompany lease, the following items should be eliminated in the consolidation process: ?
$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\text { Depreciation }$
$\begin{array}{llll}\text { Machine}&\text {  Debt }&\text { Interest}&\text {  Expense }\\end{array}$

The Parent Company Leased a Machine to Its Subsidiary Using \quad

The Parent Company Leased a Machine to Its Subsidiary Using $\quad$