Asset Disposal I
&
I
Dead Clic
Debit -
Credit
expense liability
Asset income
Drawings Capital
Asset Disposal
↳ -
ve asset
t
Asset
-
~
Lying Assets Selling Assets Account is used for calculations ,
its not
- A/of/2, off account
its a
closing
* Asset (cash- (PJ) (Bank)
Buying a new
*
Buying a new Asset (credit-(J) (Creditors Control)
over a
few
LE -Ve A > years
-
Depreciation
- -
=
Acc Depreciation
.
-
+) I
GJ X
Ac .
depanc Depreciation
vehicles/equipment
Calculate each Asset
transaction/entry in ledger for depreciation
DO NOT add all assets
together , then calculate depreciation
+A
-
+
Profit rid of asset
-
Getting :
Lt
-
Trade-in - CJ
I
creditors Control
+ loss
-
Cash- Bank CRJ
+ D
-
Debtors Control - DJ
credit
&
&
I
Dead Clic
Debit -
Credit
expense liability
Asset income
Drawings Capital
Asset Disposal
↳ -
ve asset
t
Asset
-
~
Lying Assets Selling Assets Account is used for calculations ,
its not
- A/of/2, off account
its a
closing
* Asset (cash- (PJ) (Bank)
Buying a new
*
Buying a new Asset (credit-(J) (Creditors Control)
over a
few
LE -Ve A > years
-
Depreciation
- -
=
Acc Depreciation
.
-
+) I
GJ X
Ac .
depanc Depreciation
vehicles/equipment
Calculate each Asset
transaction/entry in ledger for depreciation
DO NOT add all assets
together , then calculate depreciation
+A
-
+
Profit rid of asset
-
Getting :
Lt
-
Trade-in - CJ
I
creditors Control
+ loss
-
Cash- Bank CRJ
+ D
-
Debtors Control - DJ
credit
&
