A company sells a plant asset that originally cost $550000 for $230000 on December 31, 2022. The accumulated depreciation account had a balance of $220000 after the current year's depreciation of $55000 had been recorded. The company should recognize $100000 loss on disposal. $320000 loss on disposal. $100000 gain on disposal. $45000 loss on disposal. Save for Later Attempts: 0 of 1 used Submit