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A company sells a plant asset that originally cost $564000 for $187000 on December 31, 2022. The accumulated depreciation account had a balance of $282000
A company sells a plant asset that originally cost $564000 for $187000 on December 31, 2022. The accumulated depreciation account had a balance of $282000 after the current year's depreciation of $47000 had been recorded. The company should recognize a O $75000 gain on disposal. O $95000 loss on disposal. $187000 gain on disposal. $187000 loss on disposal
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