Several years ago, Benson, Inc. purchased a building costing $500,000, for which total depreciation of $220,000 has been recorded. Assuming that the building is sold for $600,000 cash, the proper entry to record the sale is: Debit Cash, $600,000; debit Accumulated Depreciation, $220,000; credit Building, $320,000 Debit Cash, $600,000; debit Accumulated Depreciation, $220,000; credit Building, $500,000; credit Gain on Sale of Building, $320,000 Debit Cash, $600,000; debit Accumulated Depreciation, $220,000; credit Building, $500,000 Debit Cash, $600,000; credit Building $280,000; credit Gain on Sale of Building, $320,000 000 0

Several years ago, Benson, Inc. purchased a building costing $500,000, for which total depreciation of $220,000 has been rocorde0: Assuming that the building is sold for $600,000 cash, the proper entry to record the sale is: Debit Cash, $600,000; debit Accumulated Depreciation, $220,000; credit Building, $320,000 Debit Cash, $600,000, debit Accumulated Depreciation, $220,000, credit Building, $500,000; credit Gain on Sale of Building, $320,000 Debit Cash, $600,000; debit Accumulated Depreciation, $220,000; credit Bullding, $500,000 Debit Cash, $600,000; credt Building $280,000; credit Gain on Sale of Building. $320,000