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When does a loss on disposal occur? when the proceeds from the sale of an asset are less than the fair value when the proceeds

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When does a loss on disposal occur? when the proceeds from the sale of an asset are less than the fair value when the proceeds from the sale of an asset are less than the current value O when the proceeds from the sale of an asset are less than the accumulated depreciation when the proceeds from the sale of an asset are less than the carrying amount

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