When Firms Dispose of a Long-Lived Asset Before the End

question 60

Multiple Choice

When firms dispose of a long-lived asset before the end of its useful life,the difference between the net book value of the asset and the sale proceeds is a/an

• A)extraordinary gain or loss.
• B)gain or loss from continuing operations.
• C)gain or loss from a discontinued item.
• D)gain or loss from a prior perioD.

---

Definitions:

BOOL-Type Tags

Boolean type tags used in programming to represent binary values of true/false or 0/1.

Binary Numbers

A numeric system that represents values using two symbols, typically 0 and 1, forming the basis of all modern computer systems.

Controller Scope Tags

In industrial programming, these are identifiers used within the controller's programming environment to define and manage variables or tags that are specific to a particular scope or context.

Routine

A set of programmed instructions designed to perform a specific task or function within a larger system.