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Multiple Choice Question 148 A company sells a plant asset that originally cost $540000 for $195000 on December 31, 2017. The accumulated depreciation account had

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Multiple Choice Question 148 A company sells a plant asset that originally cost $540000 for $195000 on December 31, 2017. The accumulated depreciation account had a balance of $270000 after the current year's depreciation of $45000 had been recorded. The company should recognize a $55000 gain on disposal. $195000 loss on disposal. $195000 gain on disposal. $75000 loss on disposal

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