Question: Paragraph 5 On January 1 , 2 0 2 3 , Parent sold old equipment with a historical cost of $ 5 0 , 0

Paragraph 5 On January 1,2023, Parent sold old equipment with a historical cost of $50,000 and accumulated depreciation of $30,000 to the Subsidiary for $16,000. Subsidiary began using the equipment on January 1,2023, the equipment had an estimated useful life of eight years. Make all of the entries pertaining to intercompany sales of equipment

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