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Multiple Choice Question 147 A company sells a plant asset that originally cost $375000 for $110000 on December 31, 2017. The accumulated depreciation account had

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Multiple Choice Question 147 A company sells a plant asset that originally cost $375000 for $110000 on December 31, 2017. The accumulated depreciation account had a balance of $150000 after the current year's depreciation of $37500 had been recorded. The company should recognize a O $265000 loss on disposal. O $115000 gain on disposal. $115000 loss on disposal. $77500 loss on disposal

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