If the Proceeds from the Sale of a Plant Asset

question 171

True/False

If the proceeds from the sale of a plant asset exceed its book value a gain on disposal occurs.

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Definitions:

DSL

Digital Subscriber Line represents a group of technologies designed to deliver internet connectivity through the digital transmission of data across local telephone network cables.

Broadband Service

High-speed internet access that is always on and faster than traditional dial-up connections.

NOS

Network Operating System, software that manages network resources and allows computers within the network to communicate and share resources.

Devices

Electronic or mechanical gadgets designed to perform a specific task or function, often part of a larger system.