A business sells a non-current asset:

(a) For less than
(b) For more than its statement of financial position value. Under IFRS, how will the difference between the asset value in the statement of financial position and the amount received on the sale of the asset be disclosed in the statement of comprehensive income?

A company bought a machine on July 1, 2009, for $50,000. At that date, it was estimated to have a useful life of five years and a residual value of $5,000 at the end of its useful life. On December 31, 2012, the company sold the machine for $25,000.

 How will this sale be accounted for in the company's financial statements?