Carey Enterprises sold equipment on January 1, 2018 for $10,000. The equipment had cost $48,000. The balance in Accumulated Depreciation at January 1 is $40,000. What entry would Carey make to record the sale of the equipment?

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The Answer of Carey Enterprises sold equipment on January 1, 2018 for $10,000. The equipment had cost $48,000. The balance in Accumulated Depreciation at January 1 is $40,000. What entry would Carey make to record the sale of the equipment?

Carey Enterprises Sold Equipment on January 1, 2018 for $10,000