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When a long-term asset is sold, the amount of gain or loss on the sale can be calculated as the difference between OA) book value
When a long-term asset is sold, the amount of gain or loss on the sale can be calculated as the difference between OA) book value and original cost of the asset. OB) book value and salvage value of the asset. C) cash received and original cost of the asset. OD) cash received and book value of the asset
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