A

Admin • 802.91K Points
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Q. If a fixed asset is sold for less than its book value, it results in:

  • (A) Capital profit
  • (B) Capital loss
  • (C) Revenue profit
  • (D) Revenue loss
  • Correct Answer - Option(B)
  • Views: 2
  • Filed under category Accounting
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Explanation by: Admin
Loss on sale of fixed asset below book value is considered a capital loss.

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