Is Gain/Loss on disposal of fixed asset operating or non operating activity? I strongly feel its non-operating but the Answer 54 in Mock Exam 1 says its operating. Any comments?
rish Wrote: ------------------------------------------------------- > Is Gain/Loss on disposal of fixed asset operating > or non operating activity? I strongly feel its > non-operating but the Answer 54 in Mock Exam 1 > says its operating. Any comments? operating, like interest exp. no way to explain it, a rule is a rule
Gain/Loss is operating…however asset impairments are non-operating expenses
nirjraina Wrote: ------------------------------------------------------- > Gain/Loss is operating…however asset impairments > are non-operating expenses yes,m but impairments are NOT extraoiridnairy : ) anybody see that EBAY write off of goodwill re: SKYPE and those clowns @ Sprint wrote down all of Nextel!!! hah!