The gain or loss on the sale of an investment classified as "available-for-sale" is calculated by comparing the cost of the investment with the:

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The gain or loss on the sale of an investment classified as "available-for-sale" is calculated by comparing the cost of the investment with the amount received from the sale of the investment. The lower-of-cost-or-market value and the market value are used for valuation purposes but are not relevant to the gain or loss calculation on the sale. The amortized cost is only applicable if the investment is classified as held-to-maturity.

The Gain or Loss on the Sale of an Investment