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 financial statement users?

Answer Andrea Schwager's questions.