A machine that cost $24,000 with a book value of $18,000 was sold for $12,000. The journal entry to record this event would include a a. Gain of $12,000 b. Loss of $12,000 c. Debit to Accumulated Depreciation for $6,000 d. Debit to Accumulated Depreciation for $18,000 e. Credit to Machine for $18,000