Equipment purchased at $400,000 bought on Jan 1st,...

Equipment purchased at $400,000 bought on Jan 1st, 2013 is sold at 260,000 on July 1st, 2019. The equipment useful life is 10 years and has a salvage value of $20,000. 2.1 Record the entry for 2019 depreciation. A) Depreciation Expense Debit 19,000 Accumulated Depreciation Credit 19,000 B) No entry is required; the equipment is being sold C) Depreciation Expense Debit 38,000 Accumulated Depreciation Credit 38,000 D) Depreciation Expense Debit 22,166 Accumulated Depreciation Credit 22,166  2.2 Record the entry for the sale of the equipment. A) Cash debit 260,000 Equipment credit 400,000 Gain on Sale credit 140,000 B) Cash debit 260,000 Acc Dep Debit 250,116 Debit Equipment credit 400,000 Gain on Sale credit 110,166 C) Cash debit 260,000 Acc Dep Debit Debit 247,000 Equipment credit 400,000 Gain on Sale credit 107,000 D) Cash debit 260,000 Acc Dep Debit Debit 228,000 Equipment credit 400,000 Gain on Sale credit 88,000