If a Long-Term Asset Is Retired Before It Is Fully

question 30

Multiple Choice

If a long-term asset is retired before it is fully depreciated, and no salvage or scrap value is received,

• A)a gain on disposal will be recorded.
• B)phantom depreciation must be taken as though the asset were still on the books.
• C)a loss on disposal will be recorded.
• D)no gain or loss on disposal will be recorded.

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Definitions:

High Blood Pressure

A condition in which the force of the blood against the artery walls is too high, potentially leading to health problems such as heart disease.

Essential Hypertension

A form of high blood pressure with no identifiable cause, often considered genetic or due to lifestyle factors.

Hypotension

A condition characterized by abnormally low blood pressure, which can lead to symptoms such as dizziness and fainting.

Stress

Stress is the body's reaction to any change that requires an adjustment or response, which can come from any situation or thought that makes a person feel frustrated, angry, nervous, or anxious.