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If the sale of a depreciable asset such as a building or equipment results in a loss, it means that the price at which the
If the sale of a depreciable asset such as a building or equipment results in a loss, it means that the price at which the asset was sold was:
A. | greater than the original cost of the asset. |
B. | less than the book value of the asset at the time of sale. |
C. | less than the current market value. |
D. | greater than the book value of the asset at the time of sale. |
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