Sale of Plant Asset Noble Company has a equipment that originally cost $63,000. Depreciation has been recorded for six years using the straight-line method, with a $7,000 estimated salvage value at the end of an expected eight-year life. After recording depreciation at the end of the sixth year, Noble sells the equipment. Prepare the journal entry to record the equipment's sale for: Round to the nearest dollar. a. $27,000 cash b. $21,000 cash C. $18,000 cash General Journal Date Description Debit Credit a. Cash 0 0 0 0 Equipment 0 0 0 0 To record sale of equipment