Amie Sells a Motor Vehicle for £6000

Multiple Choice

Amie sells a motor vehicle for £6000.The carrying amount of the vehicle at the point of sale was £5400.Using the accounting equation, what is the effect of this transaction on Amie's business assets, capital and liabilities?

A) Assets - decrease; capital - decreases; liabilities - no change.
B) Assets - increase; capital - increases; liabilities - no change.
C) Assets - increase; capital - decreases; liabilities - no change.
D) Assets - decrease; capital - no change; liabilities - decrease.