- 1 Marks
FA – May 2017 – L1 – SA – Q19 – Depreciation Methods and Accounting for Disposals
Identifies which elements represent cash movement from the sale of an asset.
Question
Consider the following items:
(i.) Gain on disposal
(ii.) Loss on disposal
(iii.) Receipt on disposal
Which of the above represents cash movement from the sale of an asset?
A. (i)
B. (ii)
C. (iii)
D. (i) & (ii)
E. (ii) & (iii)
Find Related Questions by Tags, levels, etc.
- Tags: Asset Disposal, Cash Movement, Profit and Loss
- Level: Level 1
- Topic: Depreciation Methods and Accounting for Disposals
- Series: MAY 2017
Report an error