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Roy company purchased 25 of dale company for 600000 on

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Roy Company purchased 25% of Dale Company for $600,000 on January 1, 2010. On the date of purchase, Dale's book value was $1,600,000. Excess of cost over book value is due to equipment to be amortized over five years.Journalize for 2010 on the books of Roy, assuming Roy uses the equity method.

Reference no: EM13599955

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