Multiple Choice
A gain is recognized on the disposal of plant assets when:
A) The sales price is greater than the book value and less than the residual value.
B) The sales price is greater than the book value and greater than the residual value.
C) The sales price is less than both the book value and the residual value.
D) The sales price is greater than the residual value but less than the book value.
Correct Answer:
Verified
Correct Answer:
Verified
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