The gain or loss resulting from the disposal of a long-lived asset appears below the "operating income" line on the income statement.

Question

Quizplus · Accepted Answer

The gain or loss from the disposal of a long-lived asset is typically recorded as a separate line item on the income statement, below the operating income line. This is because it is not considered part of the company's regular, ongoing operations.

The Gain or Loss Resulting from the Disposal of a Long-Lived