Loss on sale of computer, equipment, land, and truck

Loss on sale of computer, equipment, land, and truck,

Definition of Loss on sale of computer, equipment, land, and truck:

  1. A company will record a decrease in income on the balance sheet because of selling computers, equipment, land and trucks that are valued lower than what actual purchase price was.

Meaning of Loss on sale of computer, equipment, land, and truck & Loss on sale of computer, equipment, land, and truck Definition