alleryStart learning →A gain on derecognition of PPE is treated in which way?
AIn profit or loss, not as revenue
BCredited to revaluation surplus only
CShown as revenue from operations
DDeducted from cost of new assets
Answer & Solution
Correct answer: A. In profit or loss, not as revenue
The gain or loss goes to profit or loss, and gains are specifically not classified as revenue.
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