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A company sells a plant asset which originally cost $369000 for $118000 on December 31, 2021. The Accumulated Depreciation account had a balance of $141000

A company sells a plant asset which originally cost $369000 for $118000 on December 31, 2021. The Accumulated Depreciation account had a balance of $141000 after the current year's depreciation of $37000 had been recorded. The company should recognize a $110000 gain on disposal. $73000 loss on disposal. $251000 loss on disposal. $110000 loss on disposal

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