QUESTION 14 a. Cash On December 31, Strike Company sold one of its equipment for $24,000. The initial cost of the equipment was $215,000, with accumulated depreciation of $185,000. The journal entry to record the sale of the equipment is: 24,000 Accumulated depreciation 185,000 Loss on disposal of assets 6,000 Equipment 215,000 b. Cash 24,000 Accumulated depreciation 185,000 Equipment 215,000 Loss on disposal of assets 6,000 ) Cash 24,000| Loss on disposal of assets Book value of Equipment 30,000 d. Cash 24,000 Gain on disposal of assets 24,000