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A company sells a long-lived asset which originally cost $149000 for $50000 on December 31, 2021. The accumulated depreciation account had a balance of $57000

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A company sells a long-lived asset which originally cost $149000 for $50000 on December 31, 2021. The accumulated depreciation account had a balance of $57000 after the current year's depreciation of $16000 had been recorded. The company should recognize a O $99000 loss on disposal. O $42000 gain on disposal. O $42000 loss on disposal. O $26000 loss on disposal

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