QUESTION 17 A company sells a plant asset that originally cost $360,000 for $120,000 on December 31, 2017. The accumulated depreciation account had a balance of $180,000 at the time of sale. The company should recognize a CA. $120,000 gain on disposal. CB. $240,000 loss on disposal. C.$60,000 loss on disposal. D. $40,000 gain on disposal. QUESTION 18 Equipment with a cost of $250,000 and a $50,000 salvage value has an estimated life of 5 years or 10,000 hours. Assuming the equipment was used for 10,000 hours over the five year useful life, which of the following methods will result in the highest depreciation expense for all five years combined? CA. Units of Activity. CB. Double declining-balance. C. Straight-line. CD. All of the above methods have the same total amount of depreciation expense for the five years combined