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There is an overvalued asset on the investee's balance sheet that we just acquired. It has a book value of 60M and a FV of

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There is an overvalued asset on the investee's balance sheet that we just acquired. It has a book value of 60M and a FV of 55M. There is a 10 year remaining life. Which of the following represents a correct part of the journal entry that the investor would make to record depreciation of this overvalued asset? CR Equity Income 500k CR Equity Investment 500k DR Depreciation Exp 6M CR Depreciation Exp 5.5M

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