3. Specific Cost Guidance by Category

3.20. Gain and losses on depreciable assets

Ref: 2 CFR Part 200, §200.443. 

Gains and losses on the sale, retirement, or other disposition of depreciable property shall be included in the year in which they occur as credits or charges to the asset cost grouping(s) in which the property was included. The amount of the gain or loss to be included as a credit or charge to the appropriate asset cost grouping(s) shall be the difference between the amounts realized on the property and the un-depreciated basis of the property.