Ivanhoe Associates sold office furniture for $44000. The furniture had an original cost of $172000 and accumulated depreciation of $86000. Ignoring the tax effect, as a result of the sale O net income will increase $42000. net income will decrease $42000. O net income will decrease $44000. O net income will increase $44000.

Ivanhoe Associates sold office furniture for $44000. The furniture had an original cost of $172000 and accumulated depreciation of $86000. Ignoring the tax effect, as a result of the sale net income will increase $42000. net income witt decrease $42000 net income will decrease $44000. net income wilt increase $44000