A Loss Is Recorded on the Disposal of Property, Plant

Multiple Choice

A loss is recorded on the disposal of property, plant and equipment when:

A) an asset is sold for a price greater than the asset's book value.
B) the asset's residual value is less than the cash received.
C) the asset's book value is greater than the amount of cash received from the sale.
D) the asset's amortizable cost is greater than the cash received.