If company sell fixed assets with 20000 gain
this mean that:

Question

A- selling price is less than book value

B- selling  price is more than book value

C- selling price is equal to book value

D- there are not any relationship

Anas Dawah · Answer

B------------------------------------------------------------------------

selling price is more than book value

padmanaban rangaraj · Answer

B- selling price is more than book value

Huda Adam · Answer

Answer B

When an asset is sold for more than its book value, it is realized as a gain.

Muhammad Ramzan Tufail ACCA · Answer

(B) is the Correct Ans.

Gain is arising when S.V > B.V or NBV

Loss is arising when S.V < B.V or NBV

So, in this case, Gain..