A company sells a plant asset which originally cost 630,000 for 210,000 on December 31,...
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Accounting
A company sells a plant asset which originally cost 630,000 for 210,000 on December 31, 2020. The Accumulated Depreciation account had a balance of 252,000 after the current year's depreciation of 63,000 had been recorded. The company should recognize a?
Select one alternative:
- 168,000 loss on disposal.
- 168,000 gain on disposal.
- 105,000 loss on disposal.
- 420,000 loss on disposal.
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