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  3. Study Set
    Accounting Principles
  4. Exam
    Exam 10: Plant Assets, Natural Resources, and Intangible Assets
  5. Question
    If the Proceeds from the Sale of a Plant Asset
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If the Proceeds from the Sale of a Plant Asset

Question 171

Question 171

True/False

If the proceeds from the sale of a plant asset exceed its book value a gain on disposal occurs.

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