A plant asset with a cost of $200000 and accumulated depreciation of $190000 is sold for $35000. What is the amount of the gain or loss on disposal of the plant asset? $35000 loss O $25000 loss $25000 gain O $35000 gain K

A plant asset with a cost of $200000 and accumulated depreciation of $190000 is sold for $35000. What is the amount of the gain or loss on disposal of the plant asset? $35000 loss $25000 10s5 $25000 gain $35000 gain