Depreciation reserve
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 April 2014
we are following depreciation reserve method.
what is the journal when the asset is sold for loss..
Is there any effect to dep. reserve ?
what is the journal when the asset is sold for loss..
Is there any effect to dep. reserve ?
Rupesh Jain
(Expert)
02 April 2014
depreciation reserve method a/c dr.
to assets a/c
form value of sold assets depreciation amount.
after selling assets depreciation next year deprecation will provide on balance assets.
to assets a/c
form value of sold assets depreciation amount.
after selling assets depreciation next year deprecation will provide on balance assets.
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