A Ltd sold an item of plant to B Ltd on 1 January 20X7 for $25 000. The asset had cost A Ltd $30 000 when acquired on 1 January 20X5. At that time the useful life of the plant was assessed at 6 years. The consolidation elimination entries at 30 June 20X7 in relation to the sale of plant is (rounded to nearest dollar):

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The Answer of A Ltd sold an item of plant to B Ltd on 1 January 20X7 for $25 000. The asset had cost A Ltd $30 000 when acquired on 1 January 20X5. At that time the useful life of the plant was assessed at 6 years. The consolidation elimination entries at 30 June 20X7 in relation to the sale of plant is (rounded to nearest dollar):

A Ltd Sold an Item of Plant to B Ltd