Question: A gain or loss on disposal of a plant asset is determined by comparing the: a). replacement cost of the asset with asset's original cost

A gain or loss on disposal of a plant asset is determined by comparing the:

a). replacement cost of the asset with asset's original cost

b). book value of the asset with the asset's original cost

c). original cost of the asset with the proceeds received from its sale

d). book value of the asset with the proceeds received from its sale

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