what is the formula to calculate a gain or loss on a depreciation?
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Step-by-step explanation:
The original purchase price of the asset, minus all accumulated depreciation and any accumulated impairment charges, is the carrying amount of the asset. Subtract this carrying amount from the sale price of the asset. If the remainder is positive, it is a gain. If the remainder is negative, it is a loss
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Step-by-step explanation:
the original purchase price of the asset,minus all accᴜᴍᴜʟᴀᴛᴇᴅ depreciation and any accumulated Impᴀɪʀᴍᴇɴᴛ ᴄʜᴀʀɢᴇs,ɪs ᴛʜᴇ ᴄᴀʀʀʏɪɴɢ ᴀᴍᴏᴜɴᴛ ᴏғ ᴀssᴇᴛs.
subtract this carrying amount from the sale price of ᴛʜᴇ ᴀssᴇᴛ.
if the reminder is positive then it is a gain and if reminder is negative then it is ᴀ ʟᴏss.
ʜᴏᴘᴇ ɪᴛ ʜᴇʟᴘs ᴜ.
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