When an Asset Is Sold,a Gain Is Calculated as the Difference

question 52

Multiple Choice

When an asset is sold,a gain is calculated as the difference between

• A)sale price and the depreciable cost of the asset sold.
• B)sale price and the carrying value of the asset sold.
• C)carrying value and the residual value of the asset sold.
• D)sale price and the original cost of the asset sold.

---

Definitions:

Growth Strategy

Focuses on growing and expanding the business. It can be pursued internally by opening additional locations or externally through mergers, joint ventures, or the acquisition of other businesses.

Recruiting Efforts

Activities and strategies employed by an organization to attract and hire suitable candidates for job openings.

Workforce

The collective group of individuals engaged in work within an organization or the labor market at large.

Management Consulting

Professional services that advise businesses on how to improve their performance through the analysis of existing organizational problems and the development of improvement plans.