wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

If the book value of a fixed asset equals the sales proceeds, then there will be .

A
gain on sale
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
loss on sale
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
no loss, no gain
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Join BYJU'S Learning Program
CrossIcon