Equipment That Cost $54,000 and on Which $30,000 of Accumulated

Multiple Choice

Equipment that cost $54,000 and on which $30,000 of accumulated depreciation has been recorded was disposed of for $27,000 cash. The entry to record this event would include a

A) gain of $3,000.
B) loss of $3,000.
C) credit to the Equipment account for $9,000.
D) credit to Accumulated Depreciation for $30,000.