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Fixed assets purchased in exchange of old asset

This query is : Resolved 
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(Querist)
14 April 2016 We have purchased new batteries and the seller had buyback old batteries. What should be the accounting treatment. What amount should be capitalised. Can negative amount be shown in deletion separately in FAR or adjustment should be made with new batteries ?
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
14 April 2016 Yes Adjustment or set off entry should be done in your FAR for new batteries purchase.
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