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On July 1, Year 1, Naranjo Company purchased equipment for $216,000. Naranjo uses straight-line depreciation and estimates a six-year useful life and a $36,000 salvage value. On December 31, Year 4, the equipment is destroyed by fire. The equipment is not insured. The journal entry to record the equipment's destruction should reflect: Select one: O O A. A $75,000 loss B. A $111,000 loss C. A $36,000 loss D. A $105,000 loss Check

equipmentis destroyed by fire The equipment is ner insuned The fournat entry to record the exuloments deturion should reflect Silet one: A. A 575000 ioss BA H114,000 CAsso00loss D. A. 1905000105