On January 1, 2019, a Parent Sold Equipment to Its

On January 1, 2019, a parent sold equipment to its wholly-owned subsidiary for $800,000. The parent's books reported the equipment's original cost and accumulated depreciation at $600,000 and $100,000, respectively, at the date of sale. At the time of the sale, the equipment had a remaining life of eight years, and is straight-line depreciated, no residual value. On December 31, 2020 (two years after the sale) , the consolidation eliminating entries reduce:

A) The equipment account, at original cost, by $200,000
B) Depreciation expense by $67,500
C) Accumulated depreciation by $25,000
D) Beginning retained earnings by 300,000