If company sell fixed assets with 20000 gain this mean that:

B------------------------------------------------------------------------

selling price is  more than book value

B- selling price is more than book value

Answer B

When an asset is sold for more than its book value, it is realized as a gain.

(B) is the Correct Ans.

Gain is arising when S.V > B.V or NBV

Loss is arising when S.V < B.V or NBV

So, in this case, Gain..