A company sold equipment that had an original cost of $50,000 and accumulated depreciation of $45,000 for $8,000 Cash. Which of the following is a correct entry to record the sale of the equipment? O Debit the equipment for 50,000 Debit the Loss on the Sale of Equipment for 5,000 Debit Cash for 8,000 O Debit the Book Value for 5,000