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    Accounting Study Set 1
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    Exam 21: Non-Current Assets: Revaluation,disposal and Other Aspects
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    If the Proceeds of Sale of an Asset Are Less
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If the Proceeds of Sale of an Asset Are Less

Question 42

Question 42

Short Answer

If the proceeds of sale of an asset are less than its carrying amount at the date of sale,a gain/loss________ results.

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