A county's general fund bought equipment for $75,000. The equipment was estimated to have a 15-year life, straight-line, no salvage value. Two years later, it sold the equipment for $27,000. In the year of the sale, the government-wide statement of activities will report Select one: A. Loss on sale of capital assets of $28,000 B. Proceeds from sale of capital assets of $27,000 C. Loss on sale of capital assets of $38,000 D. Proceeds from sale of capital assets of $48,000