ZCL Composites sold a van on March 1, 2014. The accounts showed adjusted balances on February 28,

Question:

ZCL Composites sold a van on March 1, 2014. The accounts showed adjusted balances on February 28, 2014, as follows:
Van......................................................................................................................... $42,000
Accumulated Depreciation, Van ............................................................................ 21,850

Required
Record the sale of the van assuming the cash proceeds were:
a. $20,150
b. $21,600
c. $19,200
d. $0 (the van was scrapped).