Question
If depreciation is undercalculated over the life of the non-current asset and there is no change to the proceeds from the sale at the time
If depreciation is undercalculated over the life of the non-current asset and there is no change to the proceeds from the sale at the time of disposal, the result will be?
Group of answer choices
At the time of disposal of the non-current asset, there will be a lower gain or a higher loss on disposal of the non-current asset.
At the time of disposal of the non-current asset, there will be a higher gain or a lower loss on disposal of the non-current asset.
At the time of disposal of the non-current asset, there will be no impact on the gain or loss on disposal of the non-current asset.
At the time of disposal of the non-current asset, there will be a higher gain and a higher loss on disposal of the non-current asset.
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