A. an increase in the fixed asset account.
B. a decrease in the fixed asset account
C. a profit on disposal of the fixed asset
D. a loss on disposal of the fixed asset
Correct Answer:
Option A – an increase in the fixed asset account.
A. an increase in the fixed asset account.
B. a decrease in the fixed asset account
C. a profit on disposal of the fixed asset
D. a loss on disposal of the fixed asset
Correct Answer:
Option A – an increase in the fixed asset account.
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