Wright reported the following balances in their PP&E accounts: Equipment Accumulated Depreciation 12/31/X5 12/31/X4 140,000 100,000 (35,000) (30,000) During the year, Wright purchased equipment for a cost of $70,000 and recorded depreciation expense of $15,000. Wright also sold equipment during the year. Determine the Book Value of the Equipment sold during the year? 40,000 20,000 30,000 5,000