Under the equity method of accounting depreciation and, Ask an Expert

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Under the equity method of accounting, depreciation and amortization of the date-of-business-combination differences between current fair values and carrying amounts of a subsidiary's identifiable net assets is debited in a journal entry to the:

Subsidiary's expense ledger accounts
Parent company's expense ledger accounts
Subsidiary's Retained Earnings ledger account

Parent company's Intercompany Investment Income ledger account

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9987178

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