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Homework answers / question archive / f the proceeds received from the sale of a capital asset are greater than its net book value, then the company would recognise _____
f the proceeds received from the sale of a capital asset are greater than its net book value, then the company would recognise _____.
Proceeds received and loss /gain at disposal :
If the proceeds are more than book value ,the result is a gain .
The proceeds from the sale will increase debit cash or other asset account .
The loss or gain is reported on the income statement.
