Rose Corp. sold a capital asset that cost $80,000 for $35,000. On the date of the sale, the accumulated depreciation for the sold asset was $50,000. The journal entry to record the sale would Question 3 options:

credit gain on sale of capital assets for $5,000

debit loss on sale of capital asset for $45,000

debit accumulated depreciation for $30,000

credit accumulated depreciation for $50,000