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A company sells a plant asset that originally cost $396000 for $98000 on December 31, 2017. The accumulated depreciation account had a balance of $198000

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A company sells a plant asset that originally cost $396000 for $98000 on December 31, 2017. The accumulated depreciation account had a balance of $198000 after the current year's depreciation of $33000 had been recorded. The company should recognize a $100000 loss on disposal O $98000 loss on disposal. $98000 gain on disposal. $80000 gain on disposal

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