Corporate accounting

Not yet answered Marked out of 1.00 Flag question On 1 January 20X2, A Ltd acquired all the issued shares in B Ltd. At that date, the plant of B Ltd had a fair value of $10 000 more than its carrying amount and an estimated useful life of 5 years. B Ltd depreciates the plant on a straight-line basis. The plant was sold during the year ended on 30 June 20X3. The business combination valuation consolidation adjustment against plant in relation to the transaction as at 30 June 20X3 will be: O a. there is no adjustment entry recorded against the plant account. O b. a credit of $10 000. c. a debit of $10 000. As Old. a debit of $2 000