为什么不能报40000

问题如下：

Question A company is selling a long-lived asset with a carrying amount of $70,000 for $80,000. The original cost of this asset was $120,000. In the year of sale, this event is most likely to be reported on the income statement as:

选项：

A.a gain of $10,000.

B.a loss of $40,000.

C.revenues of $80,000.

解释：

1. Correct. When a long-lived asset is sold, only the net gain or loss is reported on the income statement. The gain or loss on a sale = Sales proceeds – Carrying amount = $80,000 – $70,000 = $10,000 gain.

2. Incorrect. It incorrectly subtracts original cost from sales proceeds: $80,000 – $120,000 = a loss of $40,000

3. Incorrect. For the sale of capital assets only the net gain or loss is reported not the gross proceeds.

• explain and evaluate how impairment and derecognition of property, plant, and equipment and intangible assets affect the financial statements and ratios