At the start of the current year, sbc corp. purchased 25% of sky tech inc. for $46 million. at the time of purchase, the carrying value of sky tech's net assets was $62 million. the fair value of sky tech's depreciable assets was $10 million in excess of their book value. for this year, sky tech reported a net income of $62 million and declared and paid $10 million in dividends. the total amount of additional depreciation to be recognized by sbc over the remaining life of the assets is: multiple choice a. $2.5 million. b. $10 million. c. $18 million. d. none of these answer choices are correct.
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At the start of the current year, sbc corp. purchased 25% of sky tech inc. for $46 million. at the t...
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