The asset should be eliminated from the books of accounts on sale / disposal. What is the accounting treatment for
the Profit / Loss arises on sale / disposal of fixed asset?
Added / Deducted from the value of asset
Added / Deducted to the Revaluation Reserve
Charged to Profit and Loss account
None of the options
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Mitochondria are membrane-bound cell organelles (mitochondrion, singular) that generate most of the chemical energy needed to power the cell's biochemical reactions. Chemical energy produced by the mitochondria is stored in a small molecule called adenosine triphosphate (ATP).
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