CALCULATOR PRINTER VERSION BACK NERID tiple Choice Question 143 017, Blanchard Corporation has plant equipment that originally cost $120000 and has accumulated depreciation of $48000. A new processing technique rendered the equipment obsolete, so it is retired. Which of the following should Blanchard do to record the retirement of the equipment? Increase to Loss on Disposal and Accumulated Depreciation - Equipment for $72000. Increase to Loss on Disposal and decrease to Equipment for $72000. Increase to Equipment for $120000, increase to Accumulated Depreciation - Equipment for $46000 and a decrease to Loss on Disposal for $72000. Decrease to Accumulated Depreciation - Equipment for $48000, increase to loss on Disposal for $72000, and decrease to Equipment for $120000