Disposal of Fixed Assets
Disposal of Fixed Assets:
Vehicle value S$50,000.00 current net book value S$20,000.00.
Disposal amount S$32,000.00.
Create a journal entry to taken off our Vehicle account and accumulated depreciation account
Adjustment > Journal Entry > New
Enter the information and save it
Enter received from disposal of Fixed assets
Sales > Receipt > New
Feature | Function |
Click on < Sales > |
|
Click on < Receipt > |
|
After done save it
Double entries for Fixed assets account
Double entries for Accumulated Depreciation on Fixed assets account
Double entries for Disposal of Fixed Assets account
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