A company sells a plant asset which originally cost $180,000 for $60,000 on December 31, 2010. The Accumulated Depreciation account had a balance of $72,000 after the current year's depreciation of $18,000 had been recorded. The company should recognize a $48,000 loss on disposal. $120,000 loss on disposal. $30,000 loss on disposal. $48,000 gain on disposal