A firm has a machinery and equipment whose total cost is 500.000 TL and accumulated depreciation is 400.000 TL. If the firm sells this machinery and equipment for 250.000 TL + 18 % VAT, the accounting record will include

Select one:

Accumulated depreciation debit 400.000 TL

Machinery and equipment credit 250.000 TL

VAT Payable debit 45.000 TL

Loss on sale of tangible assets debit 150.000 TL