The Gain or Loss on the Disposal of Equipment Is

Multiple Choice

The gain or loss on the disposal of equipment is determined by ________.

A) subtracting the book value of the old equipment to the cost of the new equipment
B) subtracting the disposal value of the old equipment to the book value of the old equipment
C) subtracting the book value of the old equipment from the cash received for the old equipment
D) subtracting the book value of the old equipment from the cost of the new equipment