Harvest Corp. owned $70\%$ of the outstanding common stock of Zoe Inc. On January $1,201,$ Harvest acquired a building with a ten$-$year life for $$400,000.$ No salvage value was

anticipated and the building was to be depreciated on the straight$-$line basis. On January $1,20$X$3,$ Harvest sold this building to Zoe for $$384,000.$ At that time, the building had a

remaining life of eight years but still no expected salvage value. Which of the following is the consolidation entry to adjust depreciation expense and accumulated depreciation for

the excess depreciation?

Debit Accumulated Depreciation at $$8,000$ and credit Depreciation Expense at $$8,000$

Debit Accumulated Depreciation at $$5,600$ and credit Depreciation Expense at $$5,600$

Debit Depreciation Expense at $$5,600$ and credit Accumulated Depreciation at $$5,600$

Debit Depreciation Expense at $$8,000$ and credit Accumulated Depreciation at $$8,000$