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A company sells a plant asset that originally cost $588000 for $169000 on December 31, 2017. The accumulated depreciation account had a balance of $294000

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A company sells a plant asset that originally cost $588000 for $169000 on December 31, 2017. The accumulated depreciation account had a balance of $294000 after the current year's depreciation of $49000 had been recorded. The company should recognize a $169000 gain on disposal. $105000 gain on disposal. $169000 loss on disposal. $125000 loss on disposal

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