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    Financial Accounting Study Set 21
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    Exam 8: Long-Term Assets
  5. Question
    Upon the Disposal of an Asset,if the Carrying Value Is
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Upon the Disposal of an Asset,if the Carrying Value Is

Question 55

Question 55

True/False

Upon the disposal of an asset,if the carrying value is NOT equal to the proceeds,a gain or loss must be recognized.

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