Time is a vital resource that each enterprise treasures and attempts to turn in a advantage. In choosing document management software, pay attention to a clutterless and user-friendly interface that empowers users. DocHub gives cutting-edge features to enhance your file administration and transforms your PDF editing into a matter of one click. Delete Advanced Field to the Asset Management Agreement with DocHub in order to save a lot of time and improve your productivity.
Make PDF editing an simple and intuitive operation that helps save you plenty of valuable time. Effortlessly modify your documents and deliver them for signing without turning to third-party solutions. Give attention to relevant duties and increase your file administration with DocHub today.
okay how are we doing now are you clear on the profit and inventory and the profit and sales scenarios lets up the complexity one more notch in this lesson and look at the scenarios where we sell depreciable assets which could include equipment building or even intangibles in scenario G instead of selling land were going to start selling a depreciable asset from parent corporation to the subsidiary G Co in this case parent corporation sells equipment to G Co for $75 that has a book value of $45 the $30 gain is fully taxable and the equipment has a three-year remaining economic life G Co continues using the equipment in its business for the remainder of the equipments economic life lets freeze the acquisition date by G Co of the equipment from Peco and prepare the consolidation entry as of that date what you will notice is that the results are exactly the same as what we saw with the land transaction the $30 gain is deferred net of the $12 of income tax the equipment carrying value