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A retirement or abandonment of an asseqt is different from a sale of an asset because a loss must be recognized for the remaining book
A retirement or abandonment of an asseqt is different from a sale of an asset because
a loss must be recognized for the remaining book value.
the residual value is included as a gain.
no cash is received.
a gain is recognized for the undepreciated portion of the equipment.
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Financial Accounting A Critical Approach
Authors: John Friedlan
1st Edition
0130193720, 978-0130193728
