If the sales price of an item of property,plant and equipment is lower than the carrying amount,there will be a loss on sale.

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Quizplus · Accepted Answer

This is because the carrying amount represents the amount at which the item is recorded in the company's books, while the sales price is the actual amount received for the item. If the sales price is lower than the carrying amount, it means that the company is selling the item at a loss.

If the Sales Price of an Item of Property,plant and Equipment