Selling an asset for more than its book value, but less than its original cost, will result in all but which of the following?

Name: Selling an asset for more than its book value, but less than its original cost, will result in all but which of the following?
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Question

Quizplus · Accepted Answer

Selling an asset for more than its book value but less than its original cost does not result in a capital gain. A capital gain occurs when an asset is sold for more than its original purchase price, not its book value.

Selling an Asset for More Than Its Book Value, but Less