Which of the Statements Below Is FALSE

question 27

Multiple Choice

Which of the statements below is FALSE?

• A)The current book value of an asset serves as the basis for determining the gain or loss at disposal.
• B)Book value is the original cost of the asset plus the accumulated depreciation.
• C)A gain on disposal is recognized when the selling price of the asset is greater than the book value.
• D)A loss on disposal is recognized when the selling price of the asset is less than the book value.

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Definitions:

In Vitro Fertilization

A medical procedure in which an egg is fertilized by sperm outside the body, in a laboratory setting, before being implanted into a woman's uterus.

Chorionic Villus Sampling

A prenatal test involving the collection of a small sample of the placental tissue to screen for genetic disorders in the fetus.

Amniocentesis

A prenatal diagnostic procedure in which a small sample of the amniotic fluid is extracted from the mother’s uterus and subject to genetic analysis.

Triple X Syndrome

Chromosomal disorder in which an individual is born with three X chromosomes; often unnoticed.