Fashion Company Sells a Plant Asset That Originally Cost $360,000

Fashion Company sells a plant asset that originally cost $360,000 for $120,000 on December 31, 2019. The accumulated depreciation account had a balance of $180,000 after the current year's depreciation had been recorded.
The company should recognize a:

A) $120,000 loss on disposal
B) $ 60,000 loss on disposal
C) $ 60,000 gain on disposal
D) $120,000 gain on disposal