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A company sells a plant asset which originally cost $359000 for $112000 on December 31, 2017. The Accumulated Depreciation account had a balance of $146000

A company sells a plant asset which originally cost $359000 for $112000 on December 31, 2017. The Accumulated Depreciation account had a balance of $146000 after the current year's depreciation of $32000 had been recorded. The company should recognize a

$101000 loss on disposal.

$247000 loss on disposal.

$101000 gain on disposal.

$69000 loss on disposal.

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