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Question · Gain or loss on derecognition

The Fenwald group, a sporting goods distributor, sells a secondary brand acquired for 300,000 and amortised by 120,000 at the date of sale. The price is 230,000; an investment bank charges 6,000 for the transaction. The chief executive points out that Fenwald regularly sells brands and proposes to include the selling price in revenue. Which treatment should be adopted?

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