Equipment acquired on January 1, 2017, is sold on June 30, 2020, for $4,500. The equipment cost $10,000, had an estimated residual value of $3,000, and an estimated useful life of 5 years. The equipment has been depreciated using the straight-line method. The journal entry to record the sale of the equipment involves a: Select one: A. credit to Gain on Sale of Asset for $600 B. debit to Accumulated Depreciation for $4,900 C. credit to Accumulated Depreciation for $4,900 D. credit to Equipment for $3,000