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When an asset is sold, a gain occurs when the 1) sale price exceeds the depreciable cost of the asset sold. O2) book value exceeds

When an asset is sold, a gain occurs when the 1) sale price exceeds the depreciable cost of the asset sold. O2) book value exceeds the sale price of the asset sold. 3) sale price exceeds the original cost of the asset sold. 4) sale price exceeds the book value of the asset sold.

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