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Beta sold equipment with a book value of $ 3 0 , 0 0 0 for cash of $ 4 0 , 0 0 0

Beta sold equipment with a book value of $30,000 for cash of $40,000 and used $15,000 of that cash to purchase new furniture for its sales office. What is the total effect of these two transactions?
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Total assets will be increased by $10,000.
Total assets will not change.
Total assets will be increased by $40,000.
Total assets will be decreased by $15,000.
The correct answer is not listed.

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