is a gain on disposal of an asset recorded?
A) A gain is recorded when accumulated depreciation is less than the cash received.
B) A gain is recorded when the asset's residual value is less than the cash received.
C) A gain is recorded when the asset is sold for a price less than the asset's book value.
D) A gain is recorded when the asset is sold for a price greater than the asset's book value.
Correct Answer:
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