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A parent entity group sold a depreciable non-current asset to a subsidiary entity for $5...

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Accounting

A parent entity group sold a depreciable non-current asset to a subsidiary entity for $5 300. The asset originally cost $7 000 when acquired from an external party and at the date of the intragroup sale the accumulated depreciation was $2 200. The amount of the unrealised gain on the intragroup sale to be eliminated is: $500 $2 200 $4 800 $5 300

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