Equipment with a historical cost of $120,000 and Accumulated Depreciation of $120,000 is junked Which journal entry is necessary O A debit Accumulated Depreciation - Equipment for $120,000 and credit Equipment for $120,000 OB. debit Cash for $120,000 and credit Equipment for $120,000 OC. debil Equipment for $120,000 and credit Accumulated Depreciation - Equipment for $120,000 OD. debit Equipment for $120,000 and credit Cash for $120,000 o ch