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Question
a company sells a plant asset that originally cost $300,000 for $100,000 on december 31, 2012. the accumulated depreciation account had a balance of $120,000 after the current year's depreciation of $30,000 had been recorded. the company should recognize a
a.$200,000 loss on disposal
b.$80,000 gain on disposal
c.$80,000 loss on disposal
d.$50,000 loss on disposal
Answer
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