Palapa Corporation purchased a truck for $30,000 from its 90 percentowned subsidiary, Gon Corporation, on January 1, 2015, when the truck had a fiveyear remaining useful life and cost $20,000 What is the amount by which the Investment to Gon account will be affected by the unrealized gains from this transaction at December 31, 2016

Answer rating: 100% (QA)

Depreciation Expense Straightline method 30000 3000 4 67500... View the full answer