Question: When an asset is sold, a gain is realized when the sale price exceeds the depreciable cost of the asset sold. book value exceeds the

When an asset is sold, a gain is realized when the

When an asset is sold, a gain is realized when the sale price exceeds the depreciable cost of the asset sold. book value exceeds the sale price of the asset sold. sale price exceeds the original cost of the asset sold. sale price exceeds the book value of the asset sold

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