Hi, I am working with Pvt Ltd Co. there we had purchased 1 camera on dated 27/09/2012 Rs. 6650/-. This camera we had booked in fixed asset. Now the camera has been misplaced by employee. so we recovered full amount of camera Rs. 6650/- from emoloyees salary(recovered date is 31/12/2013. my question is what would be the depreciation amount and journal entry for this? Please reply me your answer. i am awating....
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Depreciation entry
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no entry for dep., just pass an entry for sale of camera at the rate of 6650...
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