A parent company acquires a subsidiary on January 1, 2014. The subsidiarys equipment (five year remaining life, straight-line) is undervalued by $25 million at the date of acquisition. On the consolidation working paper prepared at December 31, 2016 (three years later), how are the eliminating entry (R) and (O) entry recorded (respectively)?

A- 10 million debit and $5 million debit b - $15 million credit and $5 million credit c - $ 5 million credit and $5 million credit d - $15 million debit and $5 million debit

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