In $2025,$ A$1$ Manufacturing Corporation has plant equipment that originally cost $$120,000$ and has accumulated depreciation of $$48,000.$ A new processing technique has rendered the equipment obsolete, so it is retired. Which of the following entries should the company use to record the retirement of the equipment?

$$ A$)$ Loss on Disposal of Plant Assets $72,000$ Equipment $72,000$

$$ B$)$ Accumulated DepreciationEquipment Loss on Disposal of Plant Assets Equipment

$$ C$)$ Loss

on Disposal of Plant Assets

Accumulated DepreciationEquipment

$$ D$)$

$\backslash$table$[[$Equipment$,120,000],[$Accumulated Depreciation$-,48,000],[$Equipment$,72,000]]$