If a fixed asset is sold for a gain, is the gain a debit or a credit

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If a fixed asset is sold for a gain, is the gain a debit or a credit in the journal entry? On which statement would the gain appear? If a fixed asset is sold for a gain, is the gain a debit or a credit in the journal entry?

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Financial ACCT2

ISBN: 978-1111530761

2nd edition

Authors: Norman H. Godwin, C. Wayne Alderman

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Posted Date: Mar 24, 2024 10:21 PM

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If a fixed asset is sold for a gain, is the gain a debit or a credit

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Financial ACCT2

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