Which of the Following Gains Does Not Result Solely in an Ordinary

question 56

Multiple Choice

Which of the following gains does not result solely in an ordinary gain or loss?

• A) Sale of equipment where the accumulated depreciation exceeds the gain realized.
• B) Sale of equipment where the gain realized exceeds the accumulated depreciation.
• C) Sale of inventory.
• D) Sale of equipment held for less than a year.
• E) None of the choices are correct.

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Definitions:

Payroll, Benefits

The process of compensating employees, including the calculation of wages and distribution of salaries, along with the provision of benefits such as health insurance, pensions, and leave entitlements.

Retirement

The period in someone's life when they choose to permanently leave the workforce behind, often supported by pensions or savings.

Corporate Human Capital

The collective skills, knowledge, and experience possessed by an organization's workforce.

Local Human Capital

The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value to the local community or economy.