Question 6 0.6 points Save Answer Equipment that cont $144,000 and on which $120,000 of accumulated depreciation has been recorded was disposed of for $35,000 cash. The entry to record this event would include a credit to gain on disposal for $12,000, debit to loss on disposal for $12,000 credit to the Equipment account for $36,000 credit to Accumulated Depreciation for $120,000