Straight line method used for depreciation

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Hammer holds 100% of Hooks stock . On January 1, 2013 Hammer transferred a building to Hooks for $790,000. The building costs $400,000 with a book value of $160,000. Remaining useful life: 10 years (no salvage value). Straight line method used for depreciation.

The consolidated statement for 2015 is being prepared. Show all worksheet entries necessary.Partial equity method is used.

Reference no: EM13342498

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Straight line method used for depreciation : Straight line method used for depreciation.
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