A gain on sale of a plant asset occurs when the proceeds of the sale exceed the

Question

asked Dec 25, 2020 161k views

1 Answer

Aqquadro · Answer 1 · 2021-01-01T14:28:45+0000

Answer: carrying amount

Step-by-step explanation:

A gain occurs when the proceeds from the sale of a non-inventory asset exceeds its carrying amount.