when the expected cost to dismantle and remove an asset exceeds the expected selling price of...
when the expected cost to dismantle and remove an asset exceeds the expected selling price of a depricable asset, the diffrence is
Homework Answers
The difference is called Loss.
Supporting explanations:
The difference is Loss because the expected loss to dismantle and removing the asset will be more than the selling price will give negative result.
When the expected losses are more than the selling price or sales revenue then the result is called Loss and when the expected losses are less than the selling price or sales revenue then the result is called Profit.
Therefore, the difference is called the Loss.
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