An asset acquired January 1, 2018, for $14,300 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, 2019, for $6,600. The entry to record the sale would be:

a) debit cash 6600

debit loss on sale of equipment 7700

credit equipment 14300

b) debit cash 6600

debit accumulated depreciation 7700

credit equipment 14300

c) debit cash 6600

debit accumulated depreciation 3575

debit loss on sale of equipment 4125

credit equipment 14300

d) debit cash 6600

credit equipment 6600