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Question 9 3 pts When disposing (selling) property, plant, and equipment, how do we treat gain or loss? The seller recognizes a gain or loss
Question 9 3 pts When disposing (selling) property, plant, and equipment, how do we treat gain or loss? The seller recognizes a gain or loss for the difference between the cash received and the fair value of the asset sold. The seller recognizes a gain or loss for the difference between the cash received and the book value of the asse sold. The seller recognizes losses, but not gains. None of these answer choices are correct
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