Disposal of Non current assets Flashcards

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1
Q

Cost

A

Debit Credit

b/d Disposal

New c/d

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2
Q

Prov for dep

A

Debit Credit
Disposal b/d

c/d depreciation

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3
Q

disposal of machinery

A

Debit Credit
Cost of asset disposed Prov for dep
Bank
Loss on disposal

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