On January 1,2018, Simon Co. sold equipment to Enciso Inc., its wholly owned subsidiary, for P400,000. The equipment had cost Simon P500,000; the accumulated depreciation at the time of the sale was P250,000. Simon used a 10-year life, no salvage value and straight line depreciation. Enciso will continue this practice.
On the consolidated statement of FP at December 31,2018, the cost and accumulated depreciation of the equipment of the equipment should be stated at: ________-