On 1 January 2021, Larger Ltd acquired 100% of the ordinary voting shares of Large Ltd, establishing Larger Ltd Group. The corporate income tax rate is 30%. Larger transferred plant to Large on 1 January 2021 for $300,000. At the date, the plant had a carrying amount to Larger of $200,000 (cost $800,000 and accumulated depreciation $600,000) and the remaining useful life of the plant was one year. Larger did not change the pattern of use of the plant. The consolidation worksheet entries for the year to 31 December 2021 for the intragroup transfer of plant and excess depreciation on transferred plant are: DR. Gain on sale $ 100,000 DR. Plant at cost $ 500,000 CR. Accumulated depreciation $ 600,000 DR. Deferred tax asset $ 30,000 CR. Income tax expense $30,000 DR. Accumulated depreciation CR. Depreciation expense $ 100,000 $100,000 DR. Income tax expense. CR. Deferred tax asset $ 30,000 $30,000