On January 1, 2013, a Company Sold a Piece of Equipment

On January 1, 2013, a company sold a piece of equipment for $30,000 which it had used for several years. The equipment had cost $45,000, and its accumulated depreciation amounted to $20,000 at the time of the sale. What are the net effects on the accounting equation of selling the equipment?

A) Assets and Shareholders' Equity increase $30,000
B) Assets decrease and Shareholders' Equity increases $5,000.
C) Assets and Shareholders' Equity increase $5,000.
D) Assets and Shareholders' Equity decrease $5,000.