Gains on Derecognition of Non-Current Assets Should Be Classified in the Profit

question 7

True/False

Gains on derecognition of non-current assets should be classified in the Profit & loss statement as revenue.

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Definitions:

Evaluation Of Change

The assessment of the impacts, both positive and negative, resulting from alterations in policies, practices, or conditions.

Measurement Of Learning

involves the assessment and quantification of the knowledge, skills, attitudes, and behaviors acquired through educational processes.

Evaluation

The systematic process of assessing or judging the value, performance, or significance of something.

Measurement Of Learning

The process of assessing the extent to which educational objectives or outcomes have been achieved by learners.