What is a TA consolidation entry?

I got

Dr. Equipment 60,000

During 2021, Mimi Company participated in transactions with a related party, Uncle Company. On January 2, 2021, Uncle Company sold equipment to Mimi Company for 80,000. As of that date, the equipment had a book value on Uncle's books of $56,000 and had a 10-year remaining expected life. Both Mimi Company and Uncle Company use the straight-line method of depreciation for machinery and equipment. In addition, during 2021, Mimi Company sold inventory with an original cost of $45,000 to Uncle Company for $60,000