On January 1,2018 , Post Company acquired an 80% ownership in Stake Company. The fair value of Stake Company's net assets was the same as book value except for the following: The fixed assets of Stake Company, whose remaining life was 20 years, had a fair value in excess of the book value of $100,000. Which is true regarding the consolidation journal entry for the undervalued fixed assets on December 31,2018? Select one: a. Credit depreciation expense for $5,000. b. Credit accumulated depreciation for $5,000. C. Debit fixed assets for $5,000. d. Credit fixed assets for $5,000. Clear my choice On January 1,2018 , Post Company acquired an 80% ownership in Stake Company. The fair value of Stake Company's net assets was the same as book value except for the following: The fixed assets of Stake Company, whose remaining life was 20 years, had a fair value in excess of the book value of $100,000. Which is true regarding the consolidation journal entry for the undervalued fixed assets on December 31,2018? Select one: a. Credit depreciation expense for $5,000. b. Credit accumulated depreciation for $5,000. C. Debit fixed assets for $5,000. d. Credit fixed assets for $5,000. Clear my choice