23.A company sells a plant asset which originally cost $210,000 for $70,000 on December 31, 2011, The Accumulated Depreciation account had a balance of 84,000 after the current year's depreciation of 21,000 had been recorded. The company should recognize a CO (2 points) V140,000 loss on disposal. V56.000 gain on disposal V56.000 loss on disposal 063 211 522 948 545 372 491 O 5.000 loss on disposal 10 10 23 31 40 17. A coal company invests 16 million in a mine estimated to have 20 million tons of coal and no residual value. It is expected that the mine will be in operation for 5 years. In the first year, 1,000,000 tons of coal are extracted and sold. What is the depletion expense for the first year? (2 points) The value must be a number 18. Salma Company typically sells subscriptions on an annual basis, and publishes six times a year. The magazine sells 60,000 subscriptions in January at $15 each What entry is made in January to record the sale of the subscriptions? (2 points) O Dr. Cash 900,000 Unearned Subscription Revenue 900 000 Dr. Prepad Subscriptions 900.000 G, Cash 900.000 Du Subscriptions Receivable 150,000 Cruncarnea Subscription Revenue 150.000 e Dr. Subscriptions Receivable.900.000 Subscription Revenue 900.000