Examlex
Which statement is false regarding drop- down menus?
Accumulated Depreciation
The total depreciation of a tangible asset up to a specific date, reducing its book value.
Other Income/Expense
Gains or losses from non-operational activities, distinct from the core business operations’ revenues and expenses.
Gain
The profit realized from the sale of assets or investments for more than their original purchase price.
Sale of Equipment
A transaction involving the disposal of machinery or other equipment used in business operations, typically recorded as a gain or loss.
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