10 3 poin Assume that on 1st January 2020 an 80% owned Subsidiary sells Equipment to Parent at a gain. Write down the elimination double entries you in the year ended 31 December 2020 to: (1) eliminate the intercompany gain and restore equipment to its original cost to the consolidated entity. (ii) adjust excess depreciation expense to the correct amount, thus realizing a portion of the gain through usage. Hint: Write down the accounts you would debit and credit in the year 31 December 2020 (the year the sale took place). Refer to the lectures For the toolbar, press ALT+F10 (PC) or ALT+FN-F10 (Mac)