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Renfro Industries sold an asset on July 1, 2019 for $350,000. The asset was purchased on January 1, 2016 for $650,000 and had an estimated

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Renfro Industries sold an asset on July 1, 2019 for $350,000. The asset was purchased on January 1, 2016 for $650,000 and had an estimated life of 5 years with no salvage value. The company uses straight line depreciation. Which of the following will be included in the journal entry to record the sale of the asset? O Credit - Sales Revenue $350,000 O Credit - Gain on Disposal $155.000 O Credit Gain on Disposal $90.000 Debit - Accumulated Depreciation $390,000

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