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27-12-2022
Business

Answered

A company sells a plant asset that originally cost $650000 for $270000 on December 31, 2022. The accumulated depreciation account had a balance of $260000 after the current year's depreciation of $65000 had been recorded. The company should recognize a$120000 loss on disposal.$120000 gain on disposal.$55000 loss on disposal.$380000 loss on disposal.

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