Question: The difference between book value and the amount actually realized from a sale of a plant asset is called a gain (or loss ) on

The difference between book value and the amount actually realized from a sale of a plant asset is called a gain (or loss ) on disposition of PPE . For example, if an asset whose book value is $10,000 is sold for

$12,000, $ would be the [gain / loss] on disposition of PPE and would be so reported on the income statement.

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