Equipment was purchased at a cost of $98,000. The equipment had an estimated useful life of 5 years and a residual value of $8,000. Assume the equipment was sold at the end of Year 4 (with accumulated depreciation of $72,000) for $13,000. This generates a $13,000 loss. Which of the following will be included in the journal entry?

a.A debit to Equipment of $98,000

b.A credit to Loss on Sale of Asset of $13,000

c.A debit to Gain on Sale of Asset of $13,000

d.A debit to Accumulated DepreciationEquipment of $72,000