DrDrea
Jul 1, 2009, 11:34 AM
if the original value of the asset is 689.68 but only 114.91 has been depretiated. What would be the entry at the time of sale of the asset for 650.00? Would it be this:
Acc. Dep 114.91
???? 114.91
Asset 574.77
gain on sale 75.23
Cash 650.00
Acc. Dep 114.91
???? 114.91
Asset 574.77
gain on sale 75.23
Cash 650.00





