MCQs>Finance & Management>Financial Accounting>What is the gain or loss on disposal of an asset if at the time of the disposal its cost is $100000, the Bookvalue is $50000, and it sold for $30000?
Financial Accounting MCQs
What is the gain or loss on disposal of an asset if at the time of the disposal its cost is $100000, the Bookvalue is $50000, and it sold for $30000?
Answer
Correct Answer: $-20,000
Explanation:
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