Rooster Ltd. sells a printing press for $10,000 in order to purchase a newer model. The...

 

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Rooster Ltd. sells a printing press for $10,000 in order to purchase a newer model. The cost of the old printing press was $45,000, and accumulated depreciation up to date is $33,000. The journal entry to record the sale of the old printing press will require a: Select one: O A. debit to Accumulated Depreciation for $33,000 O B. debit to Equipment for $45,000 O C. credit to Cash for $10,000 O D. credit to Loss on Sale of Equipment for $6,000. Rooster Ltd. sells a printing press for $10,000 in order to purchase a newer model. The cost of the old printing press was $45,000, and accumulated depreciation up to date is $33,000. The journal entry to record the sale of the old printing press will require a: Select one: O A. debit to Accumulated Depreciation for $33,000 O B. debit to Equipment for $45,000 O C. credit to Cash for $10,000 O D. credit to Loss on Sale of Equipment for $6,000.

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