How can you determine the difference between the gain and the loss?

If the cash received is greater than the asset's book value, the difference is recorded as a gain. If the cash received is less than the asset's book value, the difference is recorded as a loss.

Step-by-step explanation:

The difference for gain and loss is that in gain the number increases but in loss the number decreases.

Step-by-step explanation: :)

irrational, cannot

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