Equipment with an Estimated Residual Value at Acquisition of $15,000

Multiple Choice

Equipment with an estimated residual value at acquisition of $15,000 was sold on December 31, 2013, for $20,000 cash. The following data were available at the time of sale: When this transaction is recorded, it should include a

A) debit of $80,000 to the Loss on Disposal account.
B) credit of $20,000 to the Equipment account.
C) credit of $5,000 to the Gain on Disposal account.
D) debit of $20,000 to the Accumulated Depreciation account.