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.

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Definitions:

Older Brothers

Male siblings who are older than their brothers or sisters, often having a significant influence on their younger siblings' development and socialization.

Hypothalamus

A region of the brain below the thalamus that coordinates both the autonomic nervous system and the activity of the pituitary, controlling body temperature, thirst, hunger, and other homeostatic systems, and involved in sleep and emotional activity.

Sexual Orientation

An enduring pattern of emotional, romantic, or sexual attractions to men, women, both sexes, neither sex, or another sex, and the sense of identity based on those attractions.

Older Brothers

Male siblings who are older, often referenced in studies examining birth order and its psychological or social effects.