Using a 'Net Basis' Means That the Proceeds from the Disposal

question 57

Multiple Choice

Using a 'net basis' means that the proceeds from the disposal of a depreciable asset should not be separately treated as:

• A) revenue.
• B) gain.
• C) income.
• D) loss.

---

Definitions:

Value

The importance, worth, or usefulness of something, often determining what is good, beneficial, and desirable in life.

Angst

In existential philosophy, the anxiety that stems from doubts about the meaning and purpose of life; also called existential anxiety.

Nothingness

A concept referring to the absence of anything at all, often discussed within philosophical, existential, or metaphysical contexts.

Alienation

The feeling of being isolated or estranged from others or oneself, often associated with a loss of connection or dissatisfaction.