Question: Need help with this question solution general accounting A parent company sells machinery to its subsidiary on March 1, 27023, for $120,000. At the time,

Need help with this question solution general accounting

A parent company sells machinery to its subsidiary on March 1, 27023, for $120,000. At the time, the machinery was reported on the parent's books at a net book value of $75,000. The remaining life of the machinery as of March 1, 2023, is five years, and straight-line depreciation, no residual value is used. At what net value should this machinery be reported on December 31, 2024. consolidated balance sheet (22 months after the intercompany machinery sale)? a. 396.000 b. $60,000 c. $47,500 d. 330.000

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