Multiple Choice
A company sells a plant asset which originally cost ¥210,000 for ¥70,000 on December 31, 2011.The Accumulated Depreciation account had a balance of ¥84,000 after the current year's depreciation of ¥21,000 had been recorded.The company should recognize a
A) ¥140,000 loss on disposal.
B) ¥56,000 gain on disposal.
C) ¥56,000 loss on disposal.
D) ¥35,000 loss on disposal.
Correct Answer:
Verified
Correct Answer:
Verified
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