Question 1 2 pts Information on a depreciable asset is as follows: Purchase date 1/1/2015 Purchase price $45,000 $5,000 Salvage value Useful life 8 years Depreciation method straight-line If the asset is sold on July 1, 2019 for $20,000, the journal entry to record the sale will include: (Note: Remember to calculate the depreciation taken to the date of sale.) Acredit to cash for $20,000. Adebit to loss on sale for $2,500. A debit to accumulated depreciation for $25,000. . None of the choices are correct statements. A credit to loss on sale for $2,500