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A company sells a plant asset that originally cost $346000 for $125000 on December 31, 2025. The accumulated depreciation account had a balance of $151000

A company sells a plant asset that originally cost $346000 for $125000 on December 31, 2025. The accumulated depreciation account had a balance of $151000 after the current year's depreciation of $58000 had been recorded. The company should recognize O $70000 loss on disposal. O $70000 gain on disposal O $12000 loss on disposal. $221000 loss on disposal

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