Abra Ltd sold an item of plant to its subsidiary Cadabra Ltd on 1 January 2017 for $50000. The asset had cost Abra Ltd $60000 when acquired on 1 January 2015. At that time the useful life of the plant was assessed at 6 years. Rounded to the nearest dollar, the consolidation elimination entries at 30 June 2017 in relation to the sale of plant are which of the following?

I.	IPlant	Dr	10000
Gain on sale	Dr	10000
Accumulated depreciation	Cr	20000
Deferred tax asset	Dr	3 000
Income tax expense	Cr	3 000
Accumulated depreciation	Dr	1 250
Depreciation expense	Cr	1 250
Income tax expense	Dr	375
Deferred tax asset	Cr	375
II.	Accumulated depreciation	Dr	10000
Gain on sale	Dr	10000
Plant	Cr	20000
Deferred tax asset	Dr	3 000
Income tax expense	Cr	3 000
Accumulated depreciation	Dr	1 250
Depreciation expense	Cr	1 250
Income tax expense	Dr	375
Deferred tax asset	Cr	375
III.	Plant	Dr	10000
Gain on sale	Dr	5 000
Accumulated depreciation	Cr	15 000
Deferred tax asset	Dr	1 500
Income tax expense	Cr	1 500
Accumulated depreciation	Dr	1 250
Depreciation expense	Cr	1 250
Income tax expense	Dr	375
Deferred tax asset	Cr	375
IV.	Accumulated depreciation	Dr	15 000
Gain on sale	Dr	5 000
Plant	Cr	20000
Deferred tax asset	Dr	1 500
Income tax expense	Cr	1 500
Accumulated depreciation	Dr	1 250
Depreciation expense	Cr	1 250
Income tax expense	Dr	375
Deferred tax asset	Cr	375