(Solved): When a company reports a gain on the sale of a depreciable asset, which of the following is always ...

When a company reports a gain on the sale of a depreciable asset, which of the following is always true? Multiple Choice The company sold the asset for more than its book value. The company sold the asset before its service life was over. The company sold the asset for more than its fair value. The company sold the asset for more than it was worth.