13.Foghorn Ltd. has an asset with an original cost of $16,000 and a carrying amount (net book value) today of $4,400. The Company no longer needs the asset and has decided to sell it today for $3,000 cash. The journal entry Foghorn will use to record the sale includes:

-a credit to cash account for $3,000.

-a debit to the asset account for $4,400.

-a debit to accumulated amortization for $11,600.

-a credit to the asset account for $4,400.