Gains realised in selling property plant and equipment

CFA Level I FRA
#1

Hi

  1. I just wanted to know if gains realised in the process of selling property , plant and equipment are added in the income statement under SG&A.
    My understanding is: Since the gains on sale of pp&e are not part of operational activities, then it cannot be a part of the income statement, since the word “selling” is there in the short form SG&A, I think I have incorrectly assumed thaT gains obtained by selling PP&E are included under SG&A and hence in the income statement.
    Could anyone clarify this for me?
#2

Those gains and losses are not part of operations, so they’re not included in SG&A.

McDonald’s is in the business of selling french fries, not selling used french fryers.

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