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Where there is a loss on disposal of a fixed asset, it means
Question 1
Report
Where there is a loss on disposal of a fixed asset, it means
depreciation has been underestimated
depreciation has been overestimated
scrap value has not been estimated
depreciation method used is inappropriate
Answer Details
Read lesson note on Introduction To Financial Accounting (WAEC)
Read lesson note on Nature And Significance Of Accounting (JAMB)
Introduction To Financial Accounting
Nature And Significance Of Accounting
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