In $2025,$ Sandhill Manufacturing Corporation has plant equipment that originally cost $$185000$ and has accumulated depreciation of $$60000.$ 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?

Accumulated Depreciation $-$ Equipment $60000$

Loss on Disposal of Plant Assets

$125000$

Equipment $185000$

Loss on Disposal of Plant Assets $125000$

Equipment

$125000$

$$ Equipment

$185000$

Accumulated Depreciation $-$ Equipment

$60000$

Loss on Disposal of Plant Assets

$125000$

$$ Loss on Disposal of Plant Assets

$125000$

Accumulated Depreciation $-$ Equipment

$125000$