A $2,000 gain on the sale of an asset means that $2,000 in cash was received.

Name: A $2,000 gain on the sale of an asset means that $2,000 in cash was received.
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A gain on the sale of an asset does not necessarily mean that cash was received. It could mean that the amount received from the sale exceeded the asset's book value or the amount originally paid for it. If the asset was sold on credit or through an exchange for another asset, cash may not have been received at the time of the sale.

A $2,000 Gain on the Sale of an Asset Means