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A company sells a plant asset which originally cost $373000 for $111000 on December 31, 2018. The Accumulated Depreciation account had a balance of $149000

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A company sells a plant asset which originally cost $373000 for $111000 on December 31, 2018. The Accumulated Depreciation account had a balance of $149000 after the current year's depreciation of $40000 had been recorded. The company should recognize a O $73000 loss on disposal. O $113000 gain on disposal O $262000 loss on disposal. O $113000 loss on disposal

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