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Cooper Ltd

question 34

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Cooper Ltd.acquired 70% of the common shares of Effy Ltd.at January 2,20X1.At December 31,20X3,Effy sold a machine to Cooper for $180,000.Effy had purchased the machine a few years ago for $250,000.At the time of sale to Cooper,the machine had a carrying value of $150,000 and a remaining useful life of 6 years.Both companies do not claim amortization for assets purchased in the second half of the year.For Cooper's December 31,20X3 single-entry financial statements,what net book value should be shown for the machine?

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Definitions:

Enabling Factors

Elements or conditions that make it possible for health-related behaviors or processes to occur.

Pro-Versus-Con Analysis

A decision-making tool used to evaluate the advantages and disadvantages of a specific choice or action.

Termination Stage

The final phase in the process of change where an individual has successfully sustained new behavior and is no longer at risk of returning to previous behaviors.

Transtheoretical Model

A theory of behavior change that outlines five stages people go through to change their behavior: precontemplation, contemplation, preparation, action, and maintenance.

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