Robbins Company sells a plant asset that originally cost $400,000 for $200,000 on December 31,2018. The accumulated depreciation account had a balance of S200,000 before the current year's depreciation of $50,000 had been recorded. The company should recognize a $50,000 loss No gain or loss $200,000 gain. $50,000 gain $200,000 loss QUESTION 2 When a company allocates the cost of a fixed asset across its estimated years of useful life (e.g., the S100,000 cost of a machine is spread over the 10 years it's expected to last), the resulting expense is described as: cost of goods sold depreciation expense amortization expense inventory expense