A Company Sells a Plant Asset That Originally Cost $375,000

Multiple Choice

A company sells a plant asset that originally cost $375,000 for $125,000 on December 31, 2017. The accumulated depreciation account had a balance of $150,000 after the current year's depreciation of $37,500 had been recorded. The company should recognize a

A) $250,000 loss on disposal.
B) $100,000 gain on disposal.
C) $100,000 loss on disposal.
D) $62,500 loss on disposal.