When noncash assets are liquidated and the amount received is less than the book value of the asset liquidated, there is a

Name: When noncash assets are liquidated and the amount received is less than the book value of the asset liquidated, there is a
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When noncash assets are liquidated for less than their book value, it results in a loss on the realization, as the proceeds from the sale are less than the recorded value of the asset.

When Noncash Assets Are Liquidated and the Amount Received Is