Bread Company sells a plant asset that originally cost $1,080,000 for $360,000 on December 31, 2019. The accumulated depreciation account had a balance of $540,000 after the current year's depreciation had been recorded. The company should recognize a:

Select one:

A. $180,000 gain on disposal

B. $180,000 loss on disposal

C. $360,000 gain on disposal

D. $360,000 loss on disposal