II Question 8 of 25 -/1 View Policies Current Attempt in Progress Acompany sells a plant asset which originally cost $350000 for $110000 on December 31, 2021. The Accumulated Depreciation account had a balance of $140000 after the current year's depreciation of $30000 had been recorded. The company should recognize a $70000 loss on disposal $100000 loss on disposat $100000 gain on disposal. $240000 loss on disposal. Save for Later Attempts:0 of 1 used Submit