A company sells office furniture that originally cost $150,000 for $50,000 on December 31,2015. Accumuated depreciation has a balance of $60,000 after the current years depreciation of $15,000 had been recorded. The company should recognize a

a. $100,000 loss on disposal

b. $40,000 gain on disposal

c. $25,000 loss on disposal

d. $40,000 loss on disposal

write journal entry and choose.

Thx~~