Multiple Choice
A gain on disposal of an asset is listed as:
A) a liability on the balance sheet.
B) an asset on the balance sheet.
C) other expense on the income statement.
D) other income on the income statement.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q128: What would the book value be at
Q129: A computer server system, which had cost
Q130: Expenditures for changing oil in a machine
Q131: Land Improvements is an asset account that
Q132: On January 1, 201X, Maxwell Company bought
Q134: A depreciation method that allocates depreciation of
Q135: Budgeting for items such as equipment and
Q136: For tax purposes, equipment is depreciated using
Q137: The cost of a plant asset did
Q138: Corbin Corporation has a plant asset with