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Disposal of Fixed Assets | Journal Entries & Examples

Gain on Disposal of a Fixed Asset. When a fixed asset is sold for an amount higher than its carrying amount at the date of disposal, the excess is recognized as gain on disposal. Example. On 1 January 2006, Company B purchased ...


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How do you calculate the gain or loss when an asset is sold?

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Disposal of Fixed Assets - Journal Entries | Double Entry

2019-08-24 · Disposal of fixed assets example : ... Home > Fixed Assets > Disposal of Fixed Assets – Journal Entries. Disposal of Fixed Assets – Journal Entries . Accounting for Disposal of Fixed Assets. When a business has a disposal ...

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