What is gain-loss from disposal of property and equipment, Financial Accounting

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What is gain-loss from disposal of property and equipment

Problem

Consider the excerpts from the Microsoft Corporation annual report for fiscal year 2021 below and answer the following questions. Note that fiscal year 2021 ends on June 30,2021.

What is the gain/loss from disposal of property and equipment in fiscal year 2021 if the sale price of the disposed property and equipment was $1,000 (in millions)?

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Financial Accounting: What is gain-loss from disposal of property and equipment

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