Question: Explain how a gain or loss on the disposal of a long-term asset is calculated. How do gains and losses differ, respectively, from revenues and

Explain how a gain or loss on the disposal of a long-term asset is calculated. How do gains and losses differ, respectively, from revenues and expenses?

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Explain how a gain or loss on the disposal of a long-term asset is calculated. How do gains and losses differ, respectively, from revenues and expenses

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