A Parent Entity Sold a Depreciable Non-Current Asset to a Subsidiary

Multiple Choice

A parent entity sold a depreciable non-current asset to a subsidiary entity for $5600. The asset originally cost $6000 and at the date of sale accumulated depreciation was $1000. The amount of the unrealised gain on sale to be eliminated is:

A) $5600.
B) $1000.
C) $600.
D) $400.