On December 31,2018,Far Niente Winery Sold a Wine Press for $545,000;the

Multiple Choice

On December 31,2018,Far Niente Winery sold a wine press for $545,000;the wine press had originally cost $900,000.Cash was paid by the buyer of the press.Accumulated Depreciation on the press,updated to the date of disposal,was $450,000. What is the effect of the sale on the balance sheet and income statement of Far Niente reported as of and for the year ended December 31,2018?

A) No effect on assets;increase net income.
B) Decrease assets;Increase net income.
C) Increase assets;Increase net income.
D) Decrease assets;Decrease net income.