Which of the Following Journal Entries Is Correct When a Company

Multiple Choice

Which of the following journal entries is correct when a company owns its office building for many years and now sells the building? A. Cash Accumulated depreciation
$\quad$ Loss on sale
$\quad$ Building
B. Cash
$\quad$ Building
$\quad$ Gain on sale
$\quad$ Accumulated depreciation
C. Cash
$\quad$ Accumulated depreciation
$\quad$ Loss on sale
$\quad$ Building
D. Cash
$\quad$ Gain on sale
$\quad$ Building

A) Option A
B) Option B
C) Option C
D) Option D