Simple Disposal
Item number 27830 has this current account information:
Asset cost: 60,000.
Accumulated depreciation: -45, 000.
Net book value: 15,000.
Disposal entries are created as follows:
Account Number |
Account Description |
Debit |
Credit |
|---|---|---|---|
50.2030 |
Cost |
N/A |
60,000 |
50.2130 |
Accumulated Depreciation |
45,000 |
N/A |
Yard.9112 |
Net Book Value |
15,000 |
N/A |