Yucun 27 14 pults) The Smith Company purchased equipment costing $300,000, with an estimated useful life of 5 years, and an expected salvage value of $50,000. They use the straight-line method of depreciation. Accumulated depreciation at December 31, 2018 was $175,000. They sold the equipment on June 30, 2019. What was the book value of the equipment on the date of sale? $50,000 $75,000 $125,000 $100,000