accounting1985
Jul 10, 2009, 03:21 PM
I need help on a problem,
I need to take off 5 trucks that were taken to an auction for sale.
The trucks are still owed for $122,676.57. What is the process on taking them off the books.
Depreciation in 2009 12494.38
Total Depreciation: 54794.38 (including 12494.38)
Assets costs: 162433.10
The trucks are being autioned and will pay the auction the commission then the bank for the loans. What is my AJE supposed to look like? :confused:
I need to take off 5 trucks that were taken to an auction for sale.
The trucks are still owed for $122,676.57. What is the process on taking them off the books.
Depreciation in 2009 12494.38
Total Depreciation: 54794.38 (including 12494.38)
Assets costs: 162433.10
The trucks are being autioned and will pay the auction the commission then the bank for the loans. What is my AJE supposed to look like? :confused: