Gains often involve the disposal of property, plant and equipment for a cash amount that is greater than the carrying amount (or the book value) of the asset sold. An example would be a retailer's disposal of a delivery truck for a cash amount that is greater than the truck's carrying amount. Another example is a gain from a settlement of a lawsuit.
Nonoperating revenues and gains are often reported on the income statement after the subtotal Income from operations and will often appear with the caption Other income.
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