(a) On 1 July 2013, Claire Ltd sold a motor vehicle to Lauren Ltd for $15 000. This had a carrying amount to Claire Ltd of $12 000. Both entities depreciate motor vehicles at a rate of 10% p.a. on cost.
(b) Lauren Ltd manufactures items of machinery which are used as property, plant and equipment by other companies, including Claire Ltd. On 1 January 2014, Lauren Ltd sold such an item to Claire Ltdfor $62 000, its cost to Lauren Ltd being only $55 000 to manufacture. Claire Ltd charges depreciationon these machines at 20% p.a. on the diminishing value.
(c) Claire Ltd manufactures certain items which it then markets through Lauren Ltd. During the current period, Claire Ltd sold for $12 000 items to Lauren Ltd at cost plus 20%. Lauren Ltd has sold 75% ofthese transferred items at 30 June 2014.
(d) Lauren Ltd also sells second-hand machinery. Claire Ltd sold one of its depreciable assets (original cost $40 000, accumulated depreciation $32 000) to Lauren Ltd for $5000 on 1 January 2014. Lauren Ltdhad not resold the item by 30 June 2014.
(e) Lauren Ltd sold a depreciable asset (carrying amount of $22 000) to Claire Ltd on 1 January 2013 for $25 000. Both entities charge depreciation at a rate of 10% p.a. on cost in relation to these items. On31 December 2013, Claire Ltd sold this asset to Anna Ltd for $20 000.