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How profit on sale of fixed assets arises

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Reference no: EM132539597

Question 1: Profit on sale of fixed assets arises when:

Option (A) Sale price is more than the original purchase value of the asset

Option (B) Sale price is more than the depreciated value of the asset

Option (C) Sale price is more than the cumulative depreciation value of the asset

Option (D) Cumulative depreciation value is more than the current depreciated value of the asset

Reference no: EM132539597

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