A loss on disposal of a plant asset as a result of a sale or a retirement is calculated in the same way as a gain on disposal.

Name: A loss on disposal of a plant asset as a result of a sale or a retirement is calculated in the same way as a gain on disposal.
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Both a loss and a gain on disposal of a plant asset are calculated by comparing the asset's book value to the proceeds received from the sale or its fair value at retirement. The difference determines whether it is a gain or a loss.

A Loss on Disposal of a Plant Asset as a Result