In preparing its consolidated financial statements at December the following consolidation entries were included in the consolidation worksheet of Powder Corporation:
tableConsolidation Worksheet Entries,Debit,CreditBuildingsGain on Sale of Building,Accumulated Depreciation,,
tableConsolidation Worksheet Entries,Debit,CreditAccumulated Depreciation,Depreciation Expense,,
Powder owns percent of Snow Corporation's voting common stock. On January X Snow sold Powder a building it had purchased for $ on January X and depreciated on a year straightline basis. Powder recorded depreciation for using straightline depreciation and the same useful life and residual value as Snow.
Required:
a What amount did Powder pay Snow for the building?
