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K + X The next three questions use these facts: If a company has equipment with an original cost of $40,000 and accumulated depreciation of
K + X The next three questions use these facts: If a company has equipment with an original cost of $40,000 and accumulated depreciation of $25,000, what accounts would be debited (and by how much) when the equipment is sold for $10,000 cash? (Check all that apply - There is NO partial credit for this question). (check all that apply) Loss on Sale of Equipment $5,000 Class Question O Gain on Sale of Equipment $5,000 Net Book Value $15,000 Equipment $40,000 O Accumulated Depreciation $25,000 Equipment $15,000 I Cash $10,000 SUBMIT
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