A loss on the disposal of a plant asset are calculated the same way whether the asset is sold or retired.

Name: A loss on the disposal of a plant asset are calculated the same way whether the asset is sold or retired.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The loss on disposal of a plant asset is calculated as the difference between the asset's book value and the amount received from its sale or salvage. This remains the same whether the asset is sold or retired.

A Loss on the Disposal of a Plant Asset Are