A plant asset was purchased on January 1 for $49000 with an estimated salvage value of $7000 at the end of its useful life. The current year's depreciation expense is $3000 calculated on the straight-line basis and the balance of the Accumulated Depreciation account at the end of the year is $9000. The remaining useful life of the plant asset is 22 years. O 11 years. 16.3 years. O 13.3 years. A company sells a plant asset that originally cost $564000 for $222000 on December 31, 2022. The accumulated depreciation account had a balance of $282000 after the current year's depreciation of $47000 had been recorded. The company should recognize a $60000 loss on disposal. O $222000 loss on disposal. $222000 gain on disposal. $40000 gain on disposal