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Gain Or Loss
The financial result that occurs when the selling price of an asset differs from its original purchase price, where a higher selling price results in a gain and a lower selling price results in a loss.
Disposal
The process of getting rid of something, especially by throwing it away or by selling it.
Accumulated Depreciation
Accumulated depreciation is the total amount of depreciation expense that has been recorded for an asset since it was put into use, reducing its book value on the balance sheet.
Goodwill
An intangible asset that is created from such favorable factors as location, product quality, reputation, and managerial skill.
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