Depreciation
This query is : Resolved
28 March 2013
give me a solution ''x ltd owned asset cost of the asset 50000 accumulated depreciation of the asset 20480 the asset was sold 18000 pass the entry
29 March 2013
Bank A/c Dr 18000
Accumulated Dep A/c Dr 20480
Loss on Sale of Assets A/c Dr 11520
To Assets A/c 50000
Accumulated Dep A/c Dr 20480
Loss on Sale of Assets A/c Dr 11520
To Assets A/c 50000
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