57 PM FINANCIAL ACCOUNTING > Modules > My Business Course Resources > myBusiness Course Business Course * Return to course B: My Subscriptions Abdulaziz Alruwaili - Question 7 Not yet answered Marked out of 28.00 P Flag question Sale of Plant Asset Noble Company has a equipment that originally cost $123,000. Depreciation has been recorded for six years using the straight-line method, with a $27,000 estimated salvage value at the end of an expected eight-year life. After recording depreciation at the end of six years, Noble sells the equipment. Prepare the journal entry to record the equipment's sale for (Round to the nearest dollar): a. $60,000 cash b. $51,000 cash c. $40,000 cash Support General Journal Description Date Debit Credit Cash Equipment To record sale of equipment. Cash To record sale of equipment. Cash Accumulated Depreciation - Equipment To record sale of equipment CarteCOTIT CamScanner Next