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A company sells a plant asset which originally cost $370000 for $112000 on December 31,2021...

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Accounting

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A company sells a plant asset which originally cost $370000 for $112000 on December 31,2021 . The Accumutated Depreciation account had a balance of $146000 after the current year's depreciation of $39000 had been recorded. The company should recognize \$112000 loss on disposat. $258000 loss on disposal. $112000 gain on disposal $74000 loss on disposal

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