In which of the following depreciation methods is annual depreciation calculated as the difference between the assets historical cost and its residual value, divided by the assets useful life in years? Please provide your answer in the rich text box. A double-declining-balance B straight-line C units-of-production D MACRS

A loss is recorded on the sale of a plant asset when:

Please provide your answer in the rich text box.

	A	the asset is sold for a price greater than the assets book value
	B	the assets book value is less than the balance in Accumulated Depreciation
	C	the assets book value is greater than the amount of cash received from the sale
	D	a loss on the sale of a plant asset is not allowed according to GAAP