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What is the amount of the date worksheet elimination

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Question - Polygon Enterprises acquires 100 percent of Square Corporation. At the acquisition date, Square's plant assets have an historical cost of P350,000 and an accumulated depreciation of P110,000. The appraised value of Square's plant assets is P260,000. What is the amount of the date worksheet elimination to plant assets (indicate debit or credit)?

Reference no: EM133088113

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