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On the date of acquisition- 01-07-19: A non-current asset owned (Plant) by Chief Ltd was sold to Sub Ltd. Cost of the asset was: $4,28,000

On the date of acquisition- 01-07-19: A non-current asset owned (Plant) by Chief Ltd was sold to Sub Ltd. Cost of the asset was: $4,28,000 Accumulated depreciation of the asset was: $1,53,000 The asset was sold for: $3,83,000 Sub Ltd estimated this item had a remaining useful life of: 4 years and residual value of: $0

Provide Consolidation Entries on 30th June, 2021.

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