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

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

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Question ajoutée par Ahmed kandil , Cost Controller , Battour Holding Cpompany
Date de publication: 2015/04/02
Anas  Dawah
par Anas Dawah , Senior Internal Auditor , Talal Abu-Ghazaleh Global (TAGI)

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

selling price is  more than book value

padmanaban rangaraj
par padmanaban rangaraj , accountant , auditor office

B- selling price is more than book value

Huda Adam
par Huda Adam , Faculty of Commerce Graduate , Cairo University

Answer B

 

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

Muhammad Ramzan Tufail  ACCA
par Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group

(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..

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