An asset with a book value of $85,000 is sold for $80,000. This is recorded in the financial statements as a loss on disposal. Why?

Name: An asset with a book value of $85,000 is sold for $80,000. This is recorded in the financial statements as a loss on disposal. Why?
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The Answer of An asset with a book value of $85,000 is sold for $80,000. This is recorded in the financial statements as a loss on disposal. Why?

An Asset with a Book Value of $85,000 Is Sold