Sale of Plant Asset Noble Company has a equipment that originally cost $65,000. Depreciation has been recorded for six years using the straight-line method, with a $9,000 estimated salvage value at the end of an expected eight-year life. After recording depreciation at the end of six years, Noble sells the equipment. Prepare the journal entry to record the equipments sale for (Round to the nearest dollar): a. $28,000 cash b. $23,000 cash c. $19,000 cash General Journal Date Description Debit Credit a. Cash Equipment To record sale of equipment. b. Cash To record sale of equipment. c. Cash Accumulated Depreciation - Equipment To record sale of equipment.