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Question(s) / Instruction(s):

A company sells a plant asset that originally cost $180,000 for $60,000 on December 31, 2010. The accumulated depreciation account had a balance of $90,000 after the current years depreciation of $15,000 had been recorded. The company should recognize a
A.            $30,000 gain on disposal
B.            $30,000 loss on disposal
C.            $60,000 loss on disposal
D.            $60,000 gain on disposal

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