Howard Corp. owned $80\%$ of the outstanding common stock of Zest Inc. On January $1,20$X$1,$ Howard acquired a building with a ten$-$year life for $$500,000.$ No salvage value was anticipated

and the building was to be depreciated on the straight$-$line basis. On January $1,203,$ Howard sold this building to Zest for $$448,000.$ 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 $$4,800$ and credit Depreciation Expense at $$4,800$

Debit Depreciation Expense at $$6,000$ and credit Accumulated Depreciation at $$6,000$

Debit Accumulated Depreciation at $$6,000$ and credit Depreciation Expense at $$6,000$

Debit Depreciation Expense at $$4,800$ and credit Accumulated Depreciation at $$4,800$