0. A company sells a plant asset that originally cost $375,000 for $125,000 on December 31,2022 . The accumulated depreciation account had a balance of $150,000 after the current year's depreciation of $37,500 had been recorded. The company should recognize a a. $250,000 loss on disposal. b. $100,000 gain on disposal. c. $100,000 loss on disposal. d. $62,500 loss on disposal. 1. A plant asset with a cost of $600,000 and accumulated depreciation of $570,000 is sold for $70,000. What is the amount of the gain or loss on disposal of the plant asset? a. $70,000 loss b. $40,000 loss c. $40,000 gain d. $70,000 gain