The Balance Sheet of Doorbell Ltd at 31 December 2014

Multiple Choice

The balance sheet of Doorbell Ltd at 31 December 2014 showed:
$
Equipment 80 000
Accumulated depreciation of equipment 63 000
17 000
On 1 January 2015 the equipment was sold for $15 000.The accounting entry to record the closing of the equipment and the accumulated depreciation of equipment accounts is which of the following?

A) Debit accumulated depreciation equipment $63 000; credit equipment $63 000
B) Debit accumulated depreciation equipment $63 000; debit carrying amount of equipment $17 000; credit equipment $80 000
C) Debit bank $15 000; credit carrying amount of equipment $15 000
D) Debit accumulated depreciation equipment $17 000; credit equipment $17 000