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masud
Apr 22, 2007, 05:35 PM
Say Car is scrapped during the year ended (31/12/2003), Original Cost £7000 and had a net book value of £ 2000 as at 31/12/2002. The asset is not depreciated during the year of their disposal.

I don't know what would be the double entry for this coz its new for me.

Answer

Thanx