When an item of property,plant and equipment is sold,if the carrying amount is higher than the sales price,there will be a loss on sale.

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A loss on sale occurs when the carrying amount of an item of property, plant, and equipment is higher than the sales price. This is because the sale of an asset results in a decrease in its carrying amount, and if the sales price is lower than its carrying amount, a loss is recognized to reflect the decrease in value.

When an Item of Property,plant and Equipment Is Sold,if the Carrying