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A company sells a plant asset which originally cost $372000 for $120000 on December 31, 2018. The Accumulated Depreciation account had a balance of $142000

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A company sells a plant asset which originally cost $372000 for $120000 on December 31, 2018. The Accumulated Depreciation account had a balance of $142000 after the current year's depreciation of $35000 had been recorded. The company should recognize a O $110000 gain on disposal. O $75000 loss on disposal. O $110000 loss on disposal. $252000 loss on disposal

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