In 2020, Joseph Company has plant equipment that originally cost $85,000 and has accumulated depreciation of $35,000. A new processing technique has rendered the equipment obsolete, so it is retireWhich of the following entries should the company use to record the retirement of the equipment? a. Loss on Disposal of Plant Assets 50,000 Equipment 50,000 b. Loss on Disposal of Plant Assets 50,000 Accumulated Depreciation - Equipment 50,000 c. Accumulated Depreciation Equipment 35,000 Loss on Disposal of Plant Assets 50,000 Equipment 85,000 85,000 d. Plant Equipment Accumulated Depreciation - Equipment 35,000 Loss on Disposal of Plant Assets 50,000