ABC acquired equipment on Oct 1. 2019 for $400,000 total cost. ABC estimates a useful life of 5 years or 50,000 hours with a residual value of $40,000. During 2019, actual usage was 2,000 hours. Assume Straight Line depreciation is used and the equipment is sold on April 1, 2021 for $300,000. Prepare the appropriate journal entry: HTML Editor B I U I TIL vx WP TT12pt Paragraph