hello, I got this topic for my presentation for company accounting, so someone can plz give me the solution how to present in my class.thanks

On the 1 July 2017, Pullman Ltd sold equipment to its wholly owned subsidiary, Wong Ltd, for $90 000. Pullman Ltd had originally paid $200 000 for this asset, and at the time of sale had charged depreciation of $140 000. Pullman Ltd used a 10% straight-line depreciation method, but Wong Ltd uses a 20% straight-line depreciation method for this asset. The tax rate is 30%. A junior accountant working for Pullman Ltd recorded the following consolidation adjustment for 30 June 2018:

Dr Proceeds on sale of equipment 90 000

Cr CA of equipment sold 60 000

Cr Equipment 30 000

Dr Deferred Tax Asset 9 000

Cr Income Tax Expense 9 000

Dr Accumulated depreciation 9 000 Cr

Depreciation expense 9 000 ($90 000 x 10%)

Dr Income tax expense 2 700

Cr Deferred tax asset 2 700

Discuss with the class whether the entries are correct, explaining on a line-by line basis the correct adjustment entries.