If a Plant Asset Is Retired Before It Is Fully

question 85

Multiple Choice

If a plant asset is retired before it is fully depreciated and no salvage value is received

• A) a gain on disposal occurs.
• B) a loss on disposal occurs.
• C) either a gain or a loss can occur.
• D) neither a gain nor a loss occurs.

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Definitions:

Dissociative Identity

A disorder characterized by the presence of two or more distinct personality states or identities within a single individual.

Major Depression

A mental disorder characterized by at least two weeks of persistent sadness, loss of interest in activities, and other depressive symptoms.

Disturbances

Events or factors that disrupt the normal functioning or state of a system, environment, or individual.

Fatigue

A state of physical or mental weariness resulting from exertion.