28: Foghorn Ltd. has an asset with an original cost of $16,000 and a current net book value of $4,400. The Company no longer needs the asset and has decided to sell it today for $3,000 cash. Regarding this sale, in the journal we find: Question 27 options :

a credit to the asset account of $4,400

a debit to the asset account of $4,400

a debit to accumulated depreciation of $11,600

a credit to the cash account of $3,000

None of the above