The Gain or Loss on the Disposal of an Intangible

question 29

Multiple Choice

The gain or loss on the disposal of an intangible asset is determined as the difference between:

• A) net proceeds from the disposal and the amortised amount.
• B) net proceeds from the disposal and the recoverable amount.
• C) net proceeds from the disposal and the carrying amount.
• D) net proceeds from the disposal and the initial cost.

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Definitions:

Ganglion Cell

Ganglion cell refers to a type of neuron located in the retina that receives visual information from photoreceptors via bipolar cells and transmits it to the brain through the optic nerve.

Bipolar Cell

A type of neuron found in the retina of the eye, acting as an intermediary cell that transmits signals from the photoreceptors to the ganglion cells, which then send information to the brain.

Blind Spot

A point in the visual field that corresponds to the lack of light-detecting photoreceptor cells on the optic disc of the retina, resulting in a lack of visual perception.

Neural Layers

Structures within the brain or neural tissue composed of interconnected neurons that process and transmit information.