6)

Scarlett Enterprises purchased no Property, Plant, or Equipment in 2020. Scarlett Enterprises sold one piece of Equipment in 2020.

• Depreciation Expense for the year was $25,000
• The Equipment was sold for $5,000
• There was a loss of $5,000 on the sale.

	2019	2020
Property, plant, and equipment	$150,000	X
Accumulated depreciation	85,000	90,000

What is the balance of Property, Plant, and Equipment for 2020?

Group of answer choices

$120,000

$125,000

$145,000

$130,000

$140,000