On January 1, 2019, plant assets, net are $200,000. On December 31, 2019, plant assets, net are $250,000. Depreciation expense for the year is $20,000. During the year, plant assets were acquired for $155,000 with cash. There is a Gain on sale of plant asset of $8000. What is the book value of the plant asset sold during the year?
A. $105,000
B. $77,000
C. $85,000
D. $0
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