Several Years Ago, Kokoras, Inc

Multiple Choice

Several years ago, Kokoras, Inc. purchased a computer costing $135,000, for which total depreciation of $105,000 has been recorded.
Assuming that the computer is sold for $45,000 cash, the proper entry to record the sale is:

A) Debit Cash, $45,000; debit Accumulated Depreciation, $105,000; credit Computer, $135,000
B) Debit Cash, $45,000; debit Accumulated Depreciation, $105,000; credit Computer, $144,000
C) Debit Cash, $45,000; debit Accumulated Depreciation, $105,000; credit Computer, $135,000; credit Gain on Sale of Computer, $15,000
D) Debit Cash, $45,000; credit Computer $30,000; credit Gain on Sale of Computer, $15,000