Question 24 Rutgers, Inc. is selling a piece of equipment on March 31, 2020. Information related to this sale is as follows: Cost of equipment ... .... $600,000 Accumulated Depreciation as of March 31, 2020 ........... 450,000 Proceeds from sale... .. 350,000 Based upon the above information, the journal entry to record the sale will include: A credit to Book Value of $150,000. A debit to Equipment of $600,000. A debit to Accumulated Depreciation of $450,000. A credit to Sales Revenue of $350,000. A debit to Loss on Disposal of Plant Assets of $200,000