If an asset is sold for more than its book value, there is a gain; if an asset is sold for less than its book value, there is a loss; and if an asset is sold for exactly book value, there is no gain or loss. Often, plant assets are traded in for other plant assets.
The following list includes all current and former arenas used by current and defunct teams playing in the National Basketball Association (NBA). Other information included in this list are arena locations, seating capacities, years opened and in use. The United Center has the highest capacity of any current NBA arena at 20,917. Madison Square Garden and The Palace of Auburn Hills are the only current arenas not to be named after corporate sponsors. That number will shrink to one with the opening of Little Caesars Arena, which will replace The Palace of Auburn Hills.
The NBA's New Orleans Jazz used the Superdome as their home court, from 1975â1979. In 1977, the Jazz set a then-record in attendance for an NBA game, with 35,077 watching the Jazz led by Pete Pistol Pete Maravich against the Philadelphia 76ers, led by fellow future Hall of Famer Julius Erving.