Equipment was purchased on January 1, 2017 for a cost of $240,000. On January 1, 2018, the balance of accumulated depreciation was $48,000. Six months later on July 1, 2018, the company decided to sell the equipment when the balance of accumulated depreciation was $72,000. The equipment sold at a price of $170,000. The journal entry to record this sale would O credit Accumulated Depreciation for $72,000. credit Gain on Sale for $2,000 O debit Gain on sale for $22,000. credit Equipment for $168,000 Il app honorock.com is sharing your screen. Stop sharing Hide SANYO Live degregation was plenty *