Sale of an asset on account of depreciation, accounting, Basic Statistics

Write a short note on Sale of An Asset on account of Depreciation.

Ans. An asset can be sold anytime before or after its useful life estimated time, in case the asset is sold more than its existing written down value it will be a case of profit and opposite to it if the sale is less the existing book value of the asset than it will be case of purely loss, whiter there is loss or profit the both will be entered into the profit & Loss Account. In case of Profit the Profit & Loss Account will be credit and if loss is there then the Profit and Loss Account will be debited.
Posted Date: 3/26/2012 1:03:29 PM | Location : United States







Related Discussions:- Sale of an asset on account of depreciation, accounting, Assignment Help, Ask Question on Sale of an asset on account of depreciation, accounting, Get Answer, Expert's Help, Sale of an asset on account of depreciation, accounting Discussions

Write discussion on Sale of an asset on account of depreciation, accounting
Your posts are moderated
Related Questions
Linear Power Supply Uses a transformer to convert voltage from the mains (wall outlet) to a different voltage. With a transformer present, almost any voltage can be obtained. If a

Short-Term Credit Decision In no more than one typed page, provide a statement of your decision to lend or not lend to this company based on your interpretation of the company

State unemployment tax Condition government authorities provide lack of employment solutions and figure out conditions lack of employment tax amount for each company. (Some not

Define Overtime Pay Extra time represents time worked in excess of 40 times weekly. Whether or not workers are bought overtime will depend on each worker's job obligations and

Refund can be defined as return of a part of a purchase price by a seller to a buyer, usually on a purchase of a specified quantity or a value of goods within a specified period.

Let the national income model be: Y= c+1+G C=20+0.6y I=0.2y G=20 Where y= income, C= consumption, I= investment and G=government expenditure find y, C and I from the model. By quan

X purchased a machinery on instalment system for rs.27300 to be paid as follows. on delivery rs.8000, at the end of first year rs.7600, at the end of second years.6000, at the end

what is the difference between HISTORIGRAMS and HISTOGRAMS?

compute three protected t tests to compare all possible pairs of means.  Also, for α = .05, what is the value of LSD ? Which pairs are significantly different from one another,

Use the given information to find the number of degrees of? freedom, the critical values chi Subscript Upper L Superscript 2?2L and chi Subscript Upper R Superscript 2?2R?, and the