A Company Sells a Long-Lived Asset That Originally Cost $200,000

Multiple Choice

A company sells a long-lived asset that originally cost $200,000 for $50,000 on December 31,2018.The accumulated depreciation account had a balance of $110,000 after the current year's depreciation of $45,000 had been recorded.The company should recognize a:

A) $100,000 loss on disposal.
B) $40,000 gain on disposal.
C) $40,000 loss on disposal.
D) $25,000 loss on disposal.