ut of When a non-current asset is sold the gain or loss on disposal is the difference between: Select one: Oa. Selling price and carrying amount b. Fair value and selling price Oc. Fair market value and accumulated depreciation Od. Selling price and accumulated depreciation 2 ut of The cost of acquisition for fixed assets as per AASB116 can be defined as: Select one: a. carrying value in the previous owner's books O b. invoice cost. c. purchase cost plus any incidental costs directly attributable to acquiring the asset and getting it ready for use. O d. invoice cost plus freight inwards, plus other costs of acquiring the assets 3 ut of The carrying amount of a depreciable asset is: Select one: O a. fair value less cost Ob. cost less residual amount c. net realisable value Od. cost amount less accumulated depreciation