Dispensing with the fixed assets

Dispensing with the fixed assets


Established in may wish to get rid of some of the fixed assets has either sell or barter or without charge, the result of the process of dispensing with the easiest nor اوخسارة won or loss must be proven in the books.

The sale of fixed assets
if the sale of the firm originally established after the end of the productive age or before, generated from the sale process either profit or loss or nothing, where profit is achieved if the selling price of the asset is greater than the book value (the cost of the asset - a compound depreciation), loss if the price of the sale of the asset is less than its book value, work is under closure ORIGINALLY account depreciation complex and prove profit or loss, if any.

An example of the
peace company decided to sell part of their existing fixed assets to a company hope in cash, as follows: the

name of the original cost of the asset sale price depreciation complex
machines 20000 15000
10000 6000 5000 5000 Car
10000 7000 1000 furniture
required:
Proof of sale restrictions for each asset

solution:
First: the sale of machinery and equipment: the

book value of the Machinery and Equipment = the cost of the asset depreciation complex - any that 20000-15000 = $5,000
and then raise the selling price of the book value of the result is equal to zero, then a profit or a loss has not been achieved, then reviews the restriction follows:

debtor and creditor statement
from FIGURING
5000 H (the Fund
15000 h / a compound depreciation of machinery and equipment
20000 to h (machinery, equipment and
SECONDLY: The sale of the vehicle: the

vehicle's book value = the cost of the asset depreciation complex - i.e. the 10000-6000 = $4000
and then raise the selling price of book value :5000-4000=1000dollars (profit), then reviews the restriction follows:

debtor and creditor statement
from FIGURING
5000 H (the Fund
6000 H / a compound depreciation of machinery and equipment
to the Securityof
10000 h (Machinery and Equipment
1000 H (won the sale of the vehicle, the
third: the sale of Furniture:

Furniture Book Value = the cost of the asset depreciation complex - i.e. the 10000-7000 = $1000
and then raise the selling price of book value :1000-3000=-2000dollars (loss), then reviews the restriction follows:

debtor and creditor statement
from FIGURING
1000 H (the Fund
7000 H / a compound depreciation of machinery and equipment
2000 H / loss of sale of furniture
10000 To h)
fixed asset swap furniture
established may wish to replace old assets and other assets, similar to a modern or not, similar assets in the accounting treatment to swap out of another asset depends that the new origin was similar to the old origin or a word for it.

Replacement of fixed assets other assets is similar:
that the accounting treatment of asset replacement other assets is similar to produce either won or ولاخسارة اوخسارة EASIEST must be substantiated in accounting, this is done after it is compared to the net book value of the old asset value of assessment agreed between the seller and the buyer, if the value of the old asset is greater than the net book value is the result of this process won, if, on the contrary, the result of the swap process loss.

An example of
Machine Production replaced the peace facility have been evaluated at a price of 2400$ with furniture t
Share :

Add New Comment

 Your Comment has been sent successfully. Thank you!   Refresh
Error: Please try again