a 5. The entry to record the sale of equipment costing $40,000, with accumulated depreciation of $34,000 and cash sale price of $8,800, is (6) Cash 8,800 Accumulated Depreciation-Equipment 34,000 Equipment 40.000 Gain on Sale of Equipment 2,800 b. Accumulated Depreciation - Equipment 34,000 Equipment 25,200 Gain on Sale of Equipment 8.800 C. Accumulated Depreciation - Equipment 8,800 Loss on Sale of Equipment 31,200 Equipment 40,000 d. Accumulated Depreciation Equipment 14,800 Loss on Sale of Equipment 25,200 Equipment 40,000