Question
Because of inexact estimates of the service life and the residual value of a plant asset, a fully depreciated asset was sold in the current
In the other revenues and gains section of the current income statement.As part of sales revenue on the current income statement.In the extraordinary item section of the current income statement.As an adjustment to prior periods? depreciation on the statement of changes in equity.
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
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