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Business, 21.07.2019 23:00 h0ttmomma92002

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 and shareholders' equity increase $5,000. c. assets and shareholders' equity decrease $5,000. d. assets decrease and shareholders' equity increases $5,000

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On january 1, 2013, a company sold a piece of equipment for $30,000 which it had used for several ye...
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