http://fixedasstets.blogspot.com/2016/01/asset-disposal-accounting-in-oracle.html
ABC International sells a $100,000 machine for $35,000 in cash, after having compiled $70,000 of accumulated depreciation. The entry is:
If the machine was sale on $30000 then loss on Asset disposal is Debit instead of Gain
Asset Disposal Accounting in Oracle
Debit
|
Credit
|
|
Cash
|
35,000
|
|
Accumulated depreciation
|
70,000
|
|
Gain on asset disposal
|
5,000
|
|
Machine asset
|
100,000
|
No comments:
Post a Comment