At the start of the current year, SBC Corp. purchased 25% of Sky Tech Inc. for $54 million. At the time of purchase, the carrying value of Sky Tech's net assets was $94 million. The fair value of Sky Tech's depreciable assets was $30 million in excess of their book value. For this year, Sky Tech reported a net income of $94 million and declared and paid $30 million in dividends

What is the total amount of additional depreciation to be recognized by SBC over the remaining life of the asset?

Answer rating: 100% (QA)

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