QUESTION 37 On January 1, 2015, Pepper Company purchased equipment for $32,000. Pepper uses straight line depreciation and estimates a five-year useful life and a $2,000 salvage value. On December 31, 2019, the equipment was stolen. Assuming the equipment was not insured against theft, the journal entry to record the theft should reflect: A. A $32,000 loss OB. A $2,000 loss C. No gain or loss OD. A $30,000 loss