Under both the retirement and replacement systems of amortization, no gain or loss is recognized on disposal, but an accumulated amortization account continues to be used.

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Under the retirement method, a gain or loss is recognized upon disposal, and the use of an accumulated amortization account is not typical. The replacement method involves recognizing a gain or loss and does not typically use an accumulated amortization account either; instead, it directly adjusts the asset's carrying amount.

Under Both the Retirement and Replacement Systems of Amortization, No