The Balance Sheet of Marty Ltd at 31 December 2012 $\begin{array}{ll}&\$\\\text {Equipment } & 50,000 \\\text { Accumulated Depreciation-Plant } & 35,000\\&15,000\end{array}$

The balance sheet of Marty Ltd at 31 December 2012 showed: 1.
$\begin{array}{ll}&\$\\\text {Equipment } & 50,000 \\\text { Accumulated Depreciation-Plant } & 35,000\\&15,000\end{array}$ On 1 January 2013 the equipment was sold for $10 000.The accounting entry to record the receipt of the proceeds from the sale of the equipment is:

A) Debit bank $10 000; credit proceeds from sale of equipment $10 000
B) Debit bank $15 000; credit proceeds from sale of equipment $15 000
C) Debit bank $10,000; credit equipment $10 000
D) Debit bank $5 000; credit proceeds from sale of equipment $5 000