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Which of the forms part of the entries necessary to record

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Problem 1: Ravish ltd owns all the shares in tatan ltd. Ravish ltd to sells plant to Tatan ltd for $60000. On the date of sale, the plant had a cost of $90,000 and an accumulated depreciation of $32000. Which of the following forms part of the entries necessary to record the elimination of the gain/loss on this transaction on consideration?

a) Cr. Deferred tax asset $600

b) Dr.loss on disposal $2000

c) Dr. gain on disposal $2000

d) Dr.plant $2000

Reference no: EM132994572

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