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  3. Study Set
    Accounting Study Set 3
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    Exam 21: Non-Current Assets: Revaluation, Disposal and Other Aspects
  5. Question
    When a Non-Current Asset Is Sold the Gain or Loss
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When a Non-Current Asset Is Sold the Gain or Loss

Question 31

Question 31

Multiple Choice

When a non-current asset is sold the gain or loss on disposal is the difference between:


A) fair market value and accumulated depreciation.
B) replacement value and selling price.
C) fair value and selling price.
D) selling price and carrying amount.

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