ordinary gain

Definition of "ordinary gain"
  1. A profit made from the sale or exchange of an asset that isn't considered a capital asset
How to use "ordinary gain" in a sentence
  1. The company recorded an ordinary gain after selling its old machinery.
  2. The sale of inventory often results in an ordinary gain.
  3. In assessing the financial results, the accountant took into account the ordinary gain from selling the property.

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