A plant asset originally cost $64000 and was estimated to have a $4000 salvage value at the end of its 5-year useful life. If at the end of three years the asset was sold for $12000 and had accumulated depreciation recorded of $36000 the company should recognize a ______________ on disposal in the amount of $____________.

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The Answer of A plant asset originally cost $64000 and was estimated to have a $4000 salvage value at the end of its 5-year useful life. If at the end of three years the asset was sold for $12000 and had accumulated depreciation recorded of $36000 the company should recognize a ______________ on disposal in the amount of $____________.

A Plant Asset Originally Cost $64000 and Was Estimated to Have