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:

Human Nervous System

The complex network of nerve cells and fibers that transmits nerve impulses between parts of the body.

Neurotransmitters

Chemicals that transmit signals across a synapse from one neuron to another in the nervous system.

Neuron

A specialized cell of the nervous system that transmits signals electrically and chemically throughout the body.

Action Potential

A temporary reversal of an electric polarization of the membrane in nerve or muscle cells.