2 years ago

When an asset is sold, a gain occurs when the:______.

Business

1 answer:

Serhud [2]2 years ago

5 0

Answer:

a. sale price exceeds the book value of the asset sold.

Explanation:

The gain recognized when the sale price is exceeded than the book value i.e

Gain recognized = Sale price - book value

where

Sale price is the selling price of the asset

And, the book value is the carrying value of the asset

Book value = Acquired value of an asset - accumulated depreciation

Hence, the option a is correct

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2 years ago

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Dmitry_Shevchenko [17]

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y- Number of Strawberry cakes

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