On January $1,2014,$ ABC Company, a subsidiary, purchased a delivery truck with an expected useful life of $5$ years and scrap value of P$8,000.$On January $1,2015,$ ABC Company sold the truck to XYZ Company, the parent company, and recorded the following entry: Cash $50,000$ Accumulated Depreciation $18,000$Truck $53,000$Gain on sale of truck $15,000$ Parent holds $60\%$ of Subsidiary$$s voting shares. $$Subsidiary reported net income of P$55,000,$ and Parent reported separate net income of P$98,000$ for $2015.$ In preparing the consolidated financial statements for $2015,$ depreciation expenses will be: Group of answer choices credited for P$15,000$ in the elimination entries credited for P$5,000$ in the elimination entries debited for P$15,000$ debited for P$5,000$ in the elimination entries $$