When a fully depreciated asset with a residual value is discarded
A) a loss equal to its residual value may be recognized.
B) a gain equal to its residual value may be recognized.
C) no gain or loss may be recognized.
D) a gain for its carrying value may be recognized.
A
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Answer the following statement true (T) or false (F)
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Indicate whether the statement is true or false.
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Indicate whether the statement is true or false.