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  3. when an asset is sold, a gain is calculated as the

When an asset is sold, a gain is calculated as the difference between:a. cash proceeds...

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Accounting

When an asset is sold, a gain is calculated as the difference between:
a. cash proceeds and the book value of the asset sold
b. cash proceeds and the original cost of the asset sold
c. book value and the original salvage value of the asset sold
d. cash proceeds and the depricable cost of the asset sold

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