If a Plant Asset Is Retired Before It Is Fully

question 145

Multiple Choice

If a plant asset is retired before it is fully depreciated, and the residual value received is less than the asset's book value,

• A) a gain on disposal occurs.
• B) a loss on disposal occurs.
• C) there is no gain or loss on disposal.
• D) additional depreciation expense must be recorded.

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Definitions:

Biastophilia

From Greek biastes, meaning rape; also referred to as paraphilic rape. Sexual arousal in response to non-consenting sex with, but not necessarily physical suffering of, victims.

Hypersexuality

An excessive preoccupation with sexual fantasies, urges, or behaviors that is distressing or interferes with normal functioning.

Hypoactive Sexual Desire

A reduction in sexual desire or interest, which can significantly impact one’s quality of life and interpersonal relationships.