A plant asset cost 1 , 0 0 0 , 0 0 0 when it was purchased
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Question:
A plant asset cost when it was purchased on January It was depreciated by the straightline method based on a year life with residual value of On June the asset was discarded with cash proceeds of What gainloss should be recognized on the retirement? one:
a No gainloss.
b loss.
c gain.
d loss.
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