Business, 17.08.2019 20:10 jazariondaniely02

Acompany sells a plant asset which originally cost $360,000 for $120,000 on december 31, 2015. the accumulated depreciation account had a balance of $144,000 after the current year's depreciation of $36,000 had been recorded. the company should recognize a a. $60,000 loss on disposal. b. $96,000 loss on disposal. c. $240,000 loss on disposal. d. $96,000 gain on disposal.

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Acompany sells a plant asset which originally cost $360,000 for $120,000 on december 31, 2015. the a...