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A plant asset with a cost of $270000 and accumulated depreciation of $259000 is sold for $37500. What is the amount of the gain or

A plant asset with a cost of $270000 and accumulated depreciation of $259000 is sold for $37500. What is the amount of the gain or loss on disposal of the plant asset? $37500 loss. $26503 gain. $37500 gain O $26500 loss

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