Dalton Inc sold a piece of manufacturing equipment for $20,000 on June 30, 2019. They originally bought the equipment for $33,000 on January 1, 2016. Dalton estimated the equipment had a 4 year useful life with a $1,000 salvage value. Dalton has been using the straight-line method to depreciate the equipment. The balance in the Accumulated Depreciation account for the equipment on June 30, 2019 just prior to the sale was $24,000. The adjusting entry Dalton must make on June 30 will include which of the following?

debit to depreciation expense for 8000

debit to depreciation expense for 4000

debit to accumulated depreciation for 8000

debit to accumulated depreciation for 4000

other answer