The Gain or Loss on the Disposal of Equipment Is

question 136

Multiple Choice

The gain or loss on the disposal of equipment is determined by ________.

• A)adding the book value of the old equipment to the cost of the new equipment
• B)adding the disposal value of the old equipment to the book value of the old equipment
• C)subtracting the book value of the old equipment from the cash received from the old equipment
• D)subtracting the book value of the old equipment from the cost of the new equipment

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