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A plant asset with a cost of $460,000 and accumulated depreciation of $345,000 is sold for $125,000. What is the amount of the gain or

A plant asset with a cost of $460,000 and accumulated depreciation of $345,000 is sold for $125,000. What is the amount of the gain or loss on disposal of the plant asset? a. $12,000 loss. b. $10,000 gain. c. $115,000 gain. d. $125,000 gain

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