You are in a meeting with Andrea Schwager, the new CEO of your
company, discussing property, plant, and equipment, when she asks
the following: “The accountants are telling me that, if we sell a
piece of equipment for an amount in excess of its carrying amount
on our statement of financial position, then we record a ‘gain,'
which increases net income. If it increases net income, then why
don't we call it a ‘revenue'? Wouldn't this be more understandable
for...