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Business, 14.04.2020 22:19 angie07253

The four steps to record the disposal of a plant asset are: Record depreciation up to the date of disposal—this also updates Accumulated Depreciation. Remove account balances of the disposed asset—including its Accumulated Depreciation. Record any cash (and/or other assets) received or paid in the disposal. Record any gain or loss resulting from comparing the asset's book value with the market value of any assets received. True or False?

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