1. A joint operation holds plant and equipment with a carrying amount of $900 000. The two joint operators participating in this arrangement share control equally. They also depreciate plant and equipment using the straight-line method. The plant and equipment has a useful life of 6 years. At reporting date, each joint operator must recognise the following entry, in relation to depreciation, in its records:

a. DR Depreciation $75 000.

b. DR Depreciation $150 000.

c. DR Assets in joint operation $75 000.

d. DR Investment in joint operation $150 000.