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A plant asset with a cost of $430000 and accumulated depreciation of $417000 is sold for $44000. What is the amount of the gain or

A plant asset with a cost of $430000 and accumulated depreciation of $417000 is sold for $44000. What is the amount of the gain or loss on disposal of the plant asset? $31000 loss. $31000 gain $44000 gain $44000 loss

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