The Balance Sheet of Marty Ltd at 31 December 2012 $\begin{array}{ll}&\$\\\text {Equipment } & 50,000 \\\text { Accumulated Depreciation-Plant } & 35,000\\&15,000\end{array}$

Multiple Choice

The balance sheet of Marty Ltd at 31 December 2012 showed: 1.
$\begin{array}{ll}&\$\\\text {Equipment } & 50,000 \\\text { Accumulated Depreciation-Plant } & 35,000\\&15,000\end{array}$ On 1 January 2013 the equipment was sold for $10 000.The accounting entry to record the closing of the equipment and the accumulated depreciation of equipment accounts is:

A) Debit accumulated depreciation equipment $35 000,credit equipment $35 000
B) Debit accumulated depreciation equipment $35 000,debit carrying amount of equipment $15 000; credit equipment $50 000
C) Debit bank $10 000,credit carrying amount of equipment $10 000
D) Debit accumulated depreciation equipment $15 000,credit equipment $15 000