Assume that on January 1, 2018, a 90%-owned subsidiary sells to its parent, for a sale price of $115,000, equipment that originally cost $150,000. The subsidiary originally purchased the equipment on January 1, 2014, and depreciated the equipment assuming a 12-year useful life (straight-line with no salvage value). The parent has adopted the subsidiarys depreciation policy and depreciates the equipment over the remaining useful life of 8 years. The parent uses the equity method to account for its Equity Investment.

What is the consolidated depreciation expense for the equipment in 2019? ____________

Prepare the required [I] consolidation journal entry in 2019.