Equipment costing $10 000 was sold by one entity within a group to another for $4000. Accumulated depreciation at date of sale was $3000. The consolidation entry will contain the following adjustment to the amount of the Equipment:

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The Answer of Equipment costing $10 000 was sold by one entity within a group to another for $4000. Accumulated depreciation at date of sale was $3000. The consolidation entry will contain the following adjustment to the amount of the Equipment:

Equipment Costing $10 000 Was Sold by One Entity Within