ABC equipment that Truck along with its accumulat depreciation and then record the new asset on the books at fair market value. If there is some cash involv in the transaction include the cash in a journal entry. For example PT ABC. should include the current account of along with the dump truck the journal entry would look like this Date Information Post. RefDebit Crit Of the s Equipment Molen truck . Accumulat depreciation Dump Truck . Losses on engine swaps.
Equipment Dump Truck ABC equipment that
Current account To record the exchange Finland WhatsApp Number List of dump trucks with molen trucks Also read Example of a Sales Discount Journal and Complete Discussion Example This is an example of a fix asset exchange journal but at a loss. Assume that PT ABC exchanges its old equipment with new equipment with PT XYZ. PT ABC paid cash for the new equipment amounting to . The old PT was hand over initially had a cost of and had accumulat depreciation of at the time of exchange. The new equipment to be receiv has a current market value of . From the example above lets look at the calculation of profit or loss as follows Information.
From the extract calculations
Mark Mark Marketvalue of new Taiwan Phone Number List equipment receiv Net book value of assets surrender Equipment . What Losses due to exchange we can record the journal entry for fix asset exchange loss as follows Account Debit Crit Equipment newLosses from equipment exchange .. Accumulat depreciation Equipment old Equipment old What To record the exchange of new equipment and cash for new equipment Also read Bad Debts Journal Methods Recording and Case Questions Example fix asset exchange journal This is an example of a fix asset exchange journal but in a profitable situation. From the example above assume that the current market value of the new equipment is not.