Rooster Ltd

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:

A) credit to Loss on Sale of Equipment for $6,000
B) debit to Accumulated Depreciation for $33,000
C) debit to Equipment for $45,000
D) credit to Cash for $10,000