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0000 A company purchased factory equipment for $58,000 on January 1 it is estimated that the equipment will have a 10.000 g useful if the company uses the straight-line method of depreciation, the balance in Accumulated Depreciation at the end of the fourth 516,000 $70,400 $17.000 $64.000 167 point A company sells a piece of equipment for $10.500. The book value at the time of sale was $2.500 and the original cost of the equipment was $20.000. The entry to record sale of the asset will include a debit to O Equipment for $20.000 O Loss on Sale for $3.000 Accumulated Depreciation for $12.500 Equipment for $7.500