On $16$ May $2020,$ A Ltd sold equipment to its subsidiary B Ltd for $$96000,$ this asset having a carrying

amount at time of sale of $$81000.$ The equipment was regarded by A Ltd as a depreciable non$-$current asset,

being depreciated at $10\%$ p$.$a$.$ on cost$,$ whereas B Ltd records the machinery as inventory. The asset was sold

by B Ltd before $30$ June $2020.$ What is the consolidation adjustment entry in relation to the sale of this asset

during the year ended $30$ June $2020?$

Answer:

$($Needs to be a $1$ journal entry$)$