Cassie Company discards a piece of equipment that cost $$120,000,$ has a life of $5$ years, and no residual value. The company uses straight$-$line depreciation. What is the journal entry to record the disposal of the equipment at the end of year $5?$

A$)$

$\backslash$table$[[$Accumulated Depreciation$-,,],[$Equipment$,120,000,],[$Equipment$,,120,000]]$

B$)$

$\backslash$table$[[\backslash$table$[[$Depreciation Expense$-],[$Equipment$]],120,000,],[$Equipment$,,120,000]]$

C$)$

$\backslash$table$[[$Equipment$,24,000,],[$Depreciation Expense$-,,],[$Equipment$,,24,000]]$

D$)$

$\backslash$table$[[$Equipment$,24,000,],[$Accumulated Depreciation$-,,],[$Equipment$,,24,000]]$