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Mathematics, 20.12.2021 03:20 elijahjacksonrp6z2o7

A plant asset with a cost of $360,000 and accumulated depreciation of $342,000 is sold for $42,000. What is the amount of the gain or loss on disposal of the plant asset? a. $42,000 loss.
b. $24,000 loss.
c. $24,000 gain.
d. $42,000 gain.

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A plant asset with a cost of $360,000 and accumulated depreciation of $342,000 is sold for $42,000....

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