When a Business Sells a Plant Asset for Book Value,a

question 56

True/False

When a business sells a plant asset for book value,a gain or loss should be recorded.

---

Definitions:

Right Values

The core beliefs or principles considered ethically and morally correct and desirable in a given society or organization.

Values

Fundamental beliefs or principles that influence an individual's actions and decisions, often serving as a guide for personal conduct and relationships.

Ethics

The branch of philosophy dealing with values relating to human conduct, with respect to the rightness and wrongness of certain actions and the goodness and badness of the motives and ends of such actions.

Corporate Social Responsibility

A company's commitment to operating in an ethical, sustainable manner, focusing on environmental, social, and governance issues.