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Which of the following methods of disposing of a fixed asset could result in the recognition of a loss, but would NEVER result in the

Which of the following methods of disposing of a fixed asset could result in the recognition of a loss, but would NEVER result in the recognition of a gain?

A.

Sale
B.

Retirement
C.

Exchange/Trade-in
D.

Casualty
E.

None of the above (i.e., all of these methods could result in recognition of a gain)

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