Which of the Following Situations Always Results in a Loss

Multiple Choice

Which of the following situations always results in a loss on derecognition of an asset?

A) The asset is abandoned.
B) The cash proceeds from the sale are less than the book value of the asset.
C) The carrying value of the asset is less than its book value at the time of derecognition.
D) The cash proceeds from the sale (if any) are less than the acquisition cost of the asset.