A loss on disposal of a plant asset occurs if the cash proceeds received from the asset sale are less than the asset's book value.

Name: A loss on disposal of a plant asset occurs if the cash proceeds received from the asset sale are less than the asset's book value.
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A loss on disposal of a plant asset occurs when the cash proceeds received from the sale of the asset are less than the asset's book value (which is the cost of the asset minus accumulated depreciation).

A Loss on Disposal of a Plant Asset Occurs If