To determine if there is a gain or loss on a disposal of an asset, you must compare:

Name: To determine if there is a gain or loss on a disposal of an asset, you must compare:
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The gain or loss on the disposal of an asset is determined by comparing the asset's market value (what it sells for) with its book value (its original cost minus accumulated depreciation). This comparison shows whether the asset sold for more (gain) or less (loss) than its recorded value on the books.

To Determine If There Is a Gain or Loss on a Disposal