Value increase recorded when the value of the vehicle sold was less than the vehicle worth at current valued. As an example, a gain of $500 posts to the balance sheet when a car valued at $2,500 sold for $3,000.
GAIN ON SALE OF AUTOMOBILE
Value increase recorded when the value of the vehicle sold was less than the vehicle worth at current valued. As an example, a gain of $500 posts to the balance sheet when a car valued at $2,500 sold for $3,000.