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Upon the disposal of an asset, if the proceeds are greater than the carrying value of the asset, the company must recognize a loss. recognize
Upon the disposal of an asset, if the proceeds are greater than the carrying value of the asset, the company must recognize a loss. recognize a gain. adjust the accumulated depreciation account so the carrying value equals the proceeds. adjust the carrying value to market value
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Edp Auditing A Functional Approach
Authors: Albert J. Harnois
1st Edition
0132246848, 978-0132246842
