On 1 July 2019, Deli Ltd completed a successful acquisition for Chef Ltd. All the net assets of Chef Ltd were at fair value except for an equipment, which was recorded at $150,000 below fair value. The remaining useful life of the equipment is 10 years. On 30 June 2021, the consolidation adjustment to record depreciation of the revalued equipment is:  

Dr Retained earnings $7,500; Dr Depreciation expense $15,000;Cr Accumulated depreciation $22,500 Dr Retained earnings $15,000; 

Dr Depreciation expense $15,000;Cr Accumulated depreciation $30,000 Dr Retained earnings $30,000; 

Dr Depreciation expense $15,000; Cr Accumulated depreciation $45,000 Dr Retained earnings $22,500;

Dr Depreciation expense $15,000; Cr Accumulated depreciation $37,500