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A company sells a plant asset that originally cost $250000 for $100000 on December 31, 2022. The accumulated depreciation account had a balance of $100000
A company sells a plant asset that originally cost $250000 for $100000 on December 31, 2022. The accumulated depreciation account had a balance of $100000 after the current year's depreciation of $25000 had been recorded. The company should recognize a $25000 loss on disposal. O $50000 loss on disposal. O $50000 gain on disposal. O $150000 loss on disposal
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