On 1 January 2020, Richer Ltd acquired 100% of the ordinary voting shares of Rich Ltd, establishing Richer Ltd Group The corporate income tax rate is 30%. Richer transferred plant to Rich on 1 January 2020 for $900,000. At the date, the plant had a carrying amount to Richer of $600,000 (cost $800,000 and accumulated depreciation $200,000) and the remaining useful life of the plant was three years. Richer did not change the pattern of use of the plant The consolidation worksheet entries for the year to 31 December 2020 for the intragroup transfer of plant and excess depreciation on transferred plant are: O a. DR. Plant $ 300,000 CR. Income tax expense $ 90,000 CR. Transfer from BCVR $ 210,000 O b. No entries are required because the transfer is a downstream transaction Oc DR. Gain on sale $ 300,000 CR. Plant at cost $ 300,000 DR. Deferred tax asset CR. Income tax expense $ 90,000 $ 90,000 DR. Accumulated depreciation $ 300,000 12:07 2021 no O b. No entries are required because the transfer is a downstream transaction OC. DR. Gain on sale $ 300,000 CR. Plant at cost $ 300,000 $ 90,000 DR. Deferred tax asset CR. Income tax expense 590,000 $ 300,000 $ 300,000 DR. Accumulated depreciation CR. Depreciation expense Od DR. Gain on sale CR Plant at cost CR. Accumulated depreciation $ 300,000 $ 100,000 $ 200,000 w $ 90,000 DR. Deferred tax asset CR. Income tax expense $ 90,000 DR. Accumulated depreciation CR Depreciation expense $ 100,000 $ 100,000 12:07 2021/8/20 CR. Accumulated depreciation $ 200,000 DR. Deferred tax asset CR. Income tax expense $ 90,000 $ 90,000 $ 100,000 DR. Accumulated depreciation CR. Depreciation expense $ 100,000 DR. Income tax expense CR Deferred tax asset $ 30,000 $ 30,000 e DR. Plant $ 300,000 $ 90,000 CR. Deferred tax liability CR BCVR $ 210,000 DR. Depreciation expense CR. Accumulated depreciation $ 100,000 $ 100,000 DR. Deferred tax asset $ 30,000 $ 30,000 CR. Income tax expense 12:07 DR. Accumulated depreciation CR. Depreciation expense $ 100,000 $ 100,000 DR. Income tax expense CR. Deferred tax asset $ 30,000 $ 30,000 $ 300,000 O e. DR. Plant CR. Deferred tax liability CR. BCVR $ 90,000 $ 210,000 DR. Depreciation expense CR. Accumulated depreciation $ 100,000 $ 100,000 DR. Deferred tax asset $ 30,000 CR. Income tax expense $ 30,000