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When a firm disposes of a capital asset, the difference between the net book value of the asset and the sale proceeds is: Select one:
When a firm disposes of a capital asset, the difference between the net book value of the asset and the sale proceeds is:
Select one:
a. A special gain or loss
b. An ordinary gain or loss
c. A gain or loss from a discontinued operation
d. A gain or loss from a prior period
e. None of the above
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