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    Accounting Principles Study Set 3
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    Exam 10: Plant Assets, Natural Resources, and Intangible Assets
  5. Question
    A Loss on Disposal of a Plant Asset Can Only
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A Loss on Disposal of a Plant Asset Can Only

Question 270

Question 270

True/False

A loss on disposal of a plant asset can only occur if the cash proceeds received from the asset sale is less than the asset's book value.

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