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Golden Co Ltd has donated a vehicle to Bushman Enterprises as a result of publicity about the plight of Bushman Enterprises after bushfires destroyed most

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Golden Co Ltd has donated a vehicle to Bushman Enterprises as a result of publicity about the plight of Bushman Enterprises after bushfires destroyed most of its fleet of vehicles. The vehicle had cost Golden Co $25 000 and has accumulated depreciation of $10 000. Its market value is $20 000. How should the asset transfer be recorded in both companies' books? O Golden Co Ltd Dr Donation expense 15 000 Dr Accumulated depreciation 10 000 Cr Vehicle 25 000 Bushman Enterprises Dr Vehicle Cr Donation revenue 20 000 20 000 O Golden Co Ltd Dr Donation expense Dr Accumulated depreciation Cr Gain on disposal of vehicle Cr Vehicle 20 000 10 000 5000 25 000 Bushman Enterprises Dr Vehicle Cr Donation revenue 20 000 20 000 Golden Co Ltd

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