If a company sold an operational asset at a price equal to its book value,the selling company would record which of the following?
A)No gain or loss.
B)A gain.
C)A loss.
D)A betterment.

Question

Quizplus · Accepted Answer

When a company sells an operational asset at a price equal to its book value, there is no gain or loss recorded. The book value represents the amount at which the asset is carried on the company's books, and selling it for the same amount means the company does not make a profit or incur a loss from the sale. Therefore, the answer is A) No gain or loss.

If a Company Sold an Operational Asset at a Price