Fast Movers Ltd Purchased a Machine on the First Day

Fast Movers Ltd purchased a machine on the first day of their financial year: 1 January 2009.The machine cost $75 000 and has an expected useful life of 10 years at which time its salvage value will be $8000.An even pattern of benefits is expected to be derived from the machine.Then on 31 December 2012 (3 years later) the machine is sold for $65 000.What are the appropriate journal entries to record the disposal of the machine in line with the requirements of AASB 116?

A)
$$\begin{array} { | c | l | c | c | } \hline \mathrm { Dr } & \text { Proceeds from sale of machine } & 65000 & \\\hline \mathrm { Dr } & \text { Gain on sale of machine } & 30100 & \\\hline \mathrm { Cr } & \text { Machine } & & 75000 \\\hline \mathrm { Cr } & \text { Accumulated depreciation–machine } & & 20100 \\\hline\end{array}$$
B)
$$\begin{array} { | l | l | l | l | } \hline \mathrm { Dr } & \text { Cash at bank } & 65000 & \\\hline \mathrm { Cr } & \text { Proceeds from sale of machine } & & 65000 \\\hline \mathrm { Dr } & \text { Carrying amount of machinery sold } & 54900 & \\\hline \mathrm { Cr } & \text { Accumulated depreciation-machine } & & 20100 \\\hline \mathrm { Cr } & \text { Machine } & & 75000 \\\hline\end{array}$$
C)
$$\begin{array} { | l | l | l | l | } \hline \mathrm { Dr } & \text { Cash at bank } & 65000 & \\\hline \mathrm { Dr } & \text { Accumulated depreciation-machine } & 20100 & \\\hline \mathrm { Cr } & \text { Profit on sale of machine } & & 10100 \\\hline \mathrm { Cr } & \text { Machine } & & 75000 \\\hline\end{array}$$
D)
$$\begin{array} { | c | l | l | l | } \hline \mathrm { Dr } & \text { Accumulated depreciation—machine } & 20,100 & \\\hline \mathrm { Dr } & \text { Cash at bank } & 54,900 & \\\hline \mathrm { Cr } & \text { Machine } & & 75,000 \\\hline\end{array}$$