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Disposal of assets always results in a gain.
Disposal of assets always results in a gain. This is FALSE.
Expert answered|debnjerry|Points 55144|
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Asked 1/23/2014 6:50:12 AM
Updated 1/28/2014 1:59:05 AM
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This answer has been confirmed as correct and helpful.
Confirmed by jay901 [1/28/2014 1:59:05 AM]
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what is specific identification
Weegy: Specific identification is an inventory valuation method in which the actual cost of the purchased and issued (used or sold) items is identified by purchase date or a serial [ number. ] (More)
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Asked 1/22/2014 8:34:18 AM
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Average cost
Weegy: Hi, I don't understand you question..."average". (More)
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Updated 12/21/2017 11:58:38 AM
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Average cost is a method of stock valuation where the cost of all goods is averaged in order to find the cost of goods sold and the ending inventory.

Added 12/21/2017 11:58:38 AM
This answer has been confirmed as correct and helpful.
A corporation is owned by
Weegy: A Corporation is owned by its shareholders. (More)
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Expert Answered
Updated 1/23/2014 7:25:47 AM
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what is contra asset
Weegy: A contra asset is an item that is entered on the asset side of an accounting ledger even though the item has a negative or credit balance. (More)
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Expert Answered
Updated 1/26/2014 10:03:01 PM
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The book value of an asset is
Weegy: Assets are economic resources. Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset. [ Simply stated, assets represent ownership of value that can be converted into cash (although cash itself is also considered an asset) source wiki ] (More)
Question|Asked by joyce46
Updated 1/29/2014 12:06:39 PM
2 Answers/Comments
The book value of an asset is its value on a company's balance sheet.
Added 1/27/2014 6:34:05 PM
The book value is equal to the purchase price, minus accumulated depreciation.
Added 1/29/2014 12:06:39 PM
This answer has been confirmed as correct and helpful.
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