Practice Urut Rosew Gaoble Docs Quiz: Exam 2 U Question 20 1 pts In 2014, Bunch Foundry acquired a piece of equipment for $82,000. In 2020, Bunch sold the equipment for $13,400 in cash. At the date of sale, the accumulated depreciation on the equipment was $65,300. How should Bunch record the sale? Credit Cash Gain on sale of equipment Equipment Debit 13,400 3,300 16,700 Credit Cash Accumulated depreciation Loss on sale Equipment Debit 13.400 65,300 3,300 82000 Credit Debit 13.400 82.000 Equipment sales Equipment Accumulated depreciation equipment Gain on sale of equipment 65.300 30.100 Credit Cash Loss on sale of equipment Equipment Debit 13.400 3.300 16,700