Several years ago, Farr, Inc. purchased a computer costing $45,000, for which total depreciation of $35,000 has been recorded. Assuming that the computer is sold for $15,000 cash, the proper entry to record the sale is: BALANCE SHEET INCOME STATEMENT STOCKHOLDER'S ASSETS = LIABILITIES + REVENUE - EXPENSE EQUITY Gain on Accum. Cash Computer Retained Earnings Sale of Depre. computer A) +15,000 -45,000 +35,000 B) +15,000 -48,000 +35,000 C) +15,000 -45,000 +35,000 +5,000 +5,000 D) +15,000 -10,000 +5,000 +5,000 E) None of the above