What is the definition of Gain on sale of equipment? | Dictionary.net

GAIN ON SALE OF EQUIPMENT

\ɡˈe͡ɪn ˌɒn sˈe͡ɪl ɒv ɪkwˈɪpmənt], \ɡˈe‍ɪn ˌɒn sˈe‍ɪl ɒv ɪkwˈɪpmənt], \ɡ_ˈeɪ_n ˌɒ_n s_ˈeɪ_l ɒ_v ɪ_k_w_ˈɪ_p_m_ə_n_t]\

Definitions of GAIN ON SALE OF EQUIPMENT

1910 - Black's Law Dictionary (2nd edition)

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Value increase posted on the balance sheet when equipment in the business operations sells profitably.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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