A business disposed of one of its non-current assets. The details for this asset are shown below: Purchase price was $\$50000$ Depreciation charged up to the date of sale was $\$20000$ The asset was sold for $\$60000$ What was the effect of this transaction on the net assets in the year in which the asset was sold?
- Adecrease of $\$30000$
- Bdecrease of $\$60000$
- Cincrease of $\$30000$
- Dincrease of $\$60000$