Journal entry

Question

Dec 18, 2006, 05:41 PM

SBarnes4

New Member

Join Date: Dec 2006

Posts: 1

Journal entry

Asset A
Cost Basis $69,000
Depreciation taken $19,000
Abs Basis $50,000

Asset A Traded-In on Asset B

Asset B
Asset B $68,000
Trade-In value $45,000
"Boot" to Pay $23,000

Please help me with the journal entry to record this transaction
Thanks!

Answer this Question Ask about Accounting

« Previous Question | Next Question »

Question Tools	Search this Question
Show Printable Version Email this Page	Search this Question: Advanced Search
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Sponsors

Similar Questions
Question	Asker	Topic	Answers	Last Post
journal entry	kjaunti	Accounting	5	Yesterday 03:20 AM
journal entry help	tjharris	Accounting	0	Nov 13, 2006 06:46 AM
Journal Entry 2	Confused Student	Finance & Accounting	4	Jun 25, 2006 04:14 PM
Journal Entry -	Confused Student	Finance & Accounting	1	Jun 25, 2006 01:04 PM
journal entry	hippie84	Accounting	7	May 2, 2006 08:26 PM



At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to: Get free answers from experts in any of our 300+ topics. Accept money for answers that you provide. Communicate privately with other members (PM). See fewer ads. Sign Up!