A company decides to sell equipment it has owned and operated for the past five years. The equipment's original estimated useful life was eight years. Management calculates the loss on the sale as the equipment's original purchase price minus selling price. Which of the following statements is correct? A Management should subtract the equipment's accumulated depreciation from the original purchase price boforo calculating any loss B. Management's calculation is correct. C Management should not record any loss on the sale of equipment if that equipment has been used in operations D. Management should calculate the loss as the present value of expected decrease in cash flows from selling the equipment