Quaxly Co. sold some of their old equipment for $4,900 cash. They originally bought this equipment for $10,000 4 years ago and on the date of sale their accumulated depreciation account had a balance of $6,000. What would Quaxly Co. record as part of their sale of this equipment?

A) A loss of $ 5,100

B) A gain of $ 4,900

C) A gain of $ 900

D) A loss of $ 1,100