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What aaa would report investment income from nnn of

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Problem 1: On January 1, 2015 NNN Co. recorded a $40,000 profit on the upstream sale of some equipment that had a remaining four-year life under the straight-line depreciation method. The equipment has no salvage value. NNN had separate income of $100,000 in 2015. The parent company, AAA Incorporated, owns 80% of NNN. AAA would report investment income from NNN in 2015 of

A) $54,000.
B) $63,000.
C) $56,000.
D) $126,000

Reference no: EM132941737

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