On January 1, 20X9, Planet Corporation sold equipment for $400,000 to Star Corporation, its wholly owned subsidiary Planet had paid $900,000 for this equipment, which had accumulated depreciation of $170,000 Planet estimated a $50,000 salvage value and depreciated the tractor using the straight line method over 10 years, a policy that Star continued In Planet's December 31, 20X9, consolidated balance sheet, this tractor should be included in fixed asset cost and accumulated depreciation as Cost Accumulated Depreciation A $ 900,000 $ 255,000 B $ 900,000 $ 120,000 C $ 730,000 $ 85,000 D $ 730,000 $ 170,000 Option A Option B Option C Option D

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On January 1, 20X9, Planet Corporation sold equipment for $400,000 to Star Corporation, its wholly owned subsidiary  Planet had paid $900,000 for this equipment, which had accumulated depreciation of $170,000  Planet estimated a $50,000 salvage value and depreciated the tractor using the straight line method over 10 years, a policy that Star continued  In Planet's December 31, 20X9, consolidated balance sheet, this tractor should be included in fixed asset cost and accumulated depreciation as  Cost Accumulated Depreciation A  $ 900,000 $ 255,000 B  $ 900,000 $ 120,000 C  $ 730,000 $ 85,000 D  $ 730,000 $ 170,000 Option A Option B Option C Option D

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On January 1, 20X9, Planet Corporation sold equipment for $400,000 to Star Corporation, its wholly owned subsidiary. Planet had paid $900,000 for this equipment, which

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