Equipment was purchased for $47,000 and has a useful life of 5 years. Residual value is zero and the company uses the straight line deprecation method. If the asset is sold at the end of the second year for $28,200 cash, the journal entry would be: O A Cash Accumulated Depreciation - Equipment Equipment 28,200 18,800 47,000 47,000 B. Equipment Cash Accumulated Depreciation - Equipment 28,200 18,800 OC. Equipment Cash Depreciation Expense 47,000 28,200 18,800 OD. Cash Accumulated Depreciation - Equipment Equipment 37,600 9,400 47.000