A Company Sold Office Furniture Costing $16,500 with Accumulated Depreciation

Multiple Choice

A company sold office furniture costing $16,500 with accumulated depreciation of $14,000 for $1,800 cash. The entry to record the sale would include:

A) a loss for $700.
B) an increase in accumulated depreciation for $14,000.
C) a total decrease in office furniture for $2,500.
D) a decrease in cash for $1,800.