An asset acquired January 1, 2013, for $14,100 with an estimated 10-year life and no residual value is being depreciated in an equipment group asset account that has an average service life of eight years. The asset is sold on December 31, 2014, for $6,900. The entry to record the sale would be:

a)

Cash	6,900
Equipment		6,900

b)

Cash	6,900
Accumulated depreciation	7,200
Equipment		14,100