Material gains and losses from the disposal of plant and equipment are shown on the income statement as part of income from operations.

Name: Material gains and losses from the disposal of plant and equipment are shown on the income statement as part of income from operations.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Material gains and losses from the disposal of plant and equipment are typically shown under other income and expenses on the income statement, not as part of income from operations.

Material Gains and Losses from the Disposal of Plant and Equipment