If an Asset's ________ Is Greater Than Its Current Book

question 32

Multiple Choice

If an asset's ________ is greater than its current book value,a gain on disposal occurs.

• A)original book value
• B)amount of depreciation
• C)disposal value
• D)original market value

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Definitions:

Culture

The sum of attitudes, customs, and beliefs that distinguishes one group of people from another, transmitted through languages, material objects, ritual, institutions, and art.

Legitimacy

The acceptance of an authority, often a governing law or régime, as being rightful and justified.

Power

The ability to influence or control the behavior of people, the outcome of events, or the distribution of resources within a society.

Impose

To forcibly apply or introduce rules, taxes, punishments, or ideas onto others without their consent.