On Disposal of an Asset a Gain or Loss Is

question 19

Multiple Choice

On disposal of an asset a gain or loss is the difference between the proceeds from sale and:

• A) the cost of an asset.
• B) residual value of the asset.
• C) carrying amount of the asset.
• D) revalued amount of the asset.

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Definitions:

Gene Pool

The complete set of genetic information in the breeding population of a particular species, representing the variety of genes available.

Inbreeding

The breeding of closely related individuals, which can increase the risk of offspring inheriting genetic defects or diseases.

Outbreeding

The practice of mating organisms that are not closely related, which is often used to increase genetic diversity within a population.