ABC Company sold a machine for $5,500 that originally cost $12,000. The balance of the Accumulated Depreciation account related to this equipment was $9,000. The entry to record the gain or loss on the disposal of this machine would include

Select one:

a. A debit to loss in the amount of $6,500

b. A debit to loss in the amount of 3,500

c. A credit to gain in the amount of $2,500

d. A debit to gain in the amount of $2,500