Prepare a preliminary balance sheet and preliminary income statement for Wayne Corporation for March. Bruce Wayne of Wayne Enterprises has asked you to prepare a balance sheet for him.He gives you a list of his company's assets, and liabilities. Asset Activity Transmittal Form (AATF) This is a multipurpose form. When we're talking about the gain or loss of the sale of an asset we need to be looking at net book value at the time of the sale. In this article, we discuss what asset sales are, how they work and how to calculate a loss or gain because of an asset sale. Learn the tax implications for each type of sale. Access custom financial solutions tailored to meet your business goals and build your competitive advantage at every stage of the product life cycle. A Quick, Compact, and Easy-to-Understand Resource for Non-Accountants!