Business, 05.12.2019 21:31 mfar3457

At the start of the current year, sbc corp. purchased 25% of sky tech inc. for $52 million. at the time of purchase, the carrying value of sky tech's net assets was $86 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 $86 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:
a) none of the above is correct.
b) $24 million.
c) $10 million.
d) $2.5 million.

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At the start of the current year, sbc corp. purchased 25% of sky tech inc. for $52 million. at the t...

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