$3.$A company sells a plant asset that originally cost $$360,000$ for $$120,000$ on December $31,2025.$

The accumulated depreciation account had a balance of $$180,000$ after the current year's

depreciation of $$30,000$ had been recorded. The company should recognize a

a$.$ $$60,000$ loss on disposal.

b$.$ $$40,000$ gain on disposal.

c$.$ $$120,000$ loss on disposal.

d$.$ $$120,000$ gain on disposal.