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Posted on Jun 27, 2024

A gain or loss on disposal of a plant asset is determined by comparing the book value of the asset with the proceeds received from

A gain or loss on disposal of a plant asset is determined by comparing the

book value of the asset with the proceeds received from its sale.

book value of the asset with the asset's original cost.

replacement cost of the asset with the asset's original cost.

original cost of the asset with the proceeds received from its sale.

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