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    Nzaz99's Avatar
    Nzaz99 Posts: 1, Reputation: 1
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    #1

    Feb 18, 2010, 02:54 PM
    Example of Asset disposal recorded in the appropriate books
    I would like you to show me how asset disposal is recorded in the appropriate books with the aid of these books and not just explanations.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Feb 19, 2010, 06:02 PM

    What do you mean by "with the aid of these books." We don't have your books.

    You catch up depreciation to current.

    The entry then consists of debiting accumulated depreciation to reverse that out, crediting the asset to reverse that out, and the difference is a debit to a loss. That's assuming you're literally disposing of it and not selling it.
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