1. Please explain why answer B, not A is correct and shoe your work.

2. what were the cash proceeds from the sale?

The following information is given for Building Inc.: 2004 $530.000 $92,000 $32.000 As of 12/31 PP&E 2005 $570.000 Accumulated DepreciationS102.000 $30.000 Depreciation Expense During 2005 new assets were purchased for of S78,000, and plant assets were sold at a S10,000 loss. 40. What was the book value of the sold assets? A. $38,000 B. S18,000 C. $10,000 D. $8,000