On 1 January 2015 the Equipment Was Sold for $15

Multiple Choice

On 1 January 2015 the equipment was sold for $15 000. The accounting entry to record the closing of the equipment and the accumulated depreciation of equipment accounts is which of the following?

A) Debit accumulated depreciation equipment $63 000; credit equipment $63 000
B) Debit accumulated depreciation equipment $63 000; debit carrying amount of equipment $17 000; credit equipment $80 000
C) Debit bank $15 000; credit carrying amount of equipment $15 000
D) Debit accumulated depreciation equipment $17 000; credit equipment $17 000