Questions 8 points Saved A $20,000 piece of equipment with a useful life of 5 years and no residual value is being depreciated using the straight line method. At the end of 4 years the equipment was sold for 56,000. What will the journal entry include? A debit to gain of $2000 OA A debit to accumulated depreciation of $16,000 A debit to residual value of $6,000 oc A credit to Equipment of 54,000