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 31,2012,for $20,000 cash.The following data were available at the time of sale: $\begin{array}{llcc} \text { Acquisition cost } & \$ 100,000 \\ \text {Accumulated depreciation on December 31, 2012, after adjustment } &85,000\end{array}$

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