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A company sells a plant asset that originally cost $371000 for $135000 on December 31, 2025. The accumulated depreciation account had a balance of $161000

A company sells a plant asset that originally cost $371000 for $135000 on December 31, 2025. The accumulated depreciation account had a balance of $161000 after the current year's depreciation of $70500 had been recorded. The company should recognize $4500 loss on disposal.

O $75000 loss on disposal.

O $75000 gain on disposal.

$236000 loss on disposal.

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