Asset Disposal (Asset realisation) Journal Entries | Steps with Examples

In this lesson, we explain what asset disposal is and how to record the disposal of an asset (Fixed Asset Realisation) using journal entries. We also explain and go through an example of how to account for and record profit on disposal as well as a loss on disposal of an asset.

Asset Disposal (Fixed Asset Realisation) | Trade-In Example:    • Asset Disposal (Fixed Asset Realisati...  

Asset Disposal (Fixed Asset Realisation) Explained with T Accounts Example (where an asset was sold on cash at the carrying value):    • Asset Disposal (Fixed Asset Realisati...  

Depreciation Calculation Examples: Straight Line Method & Diminishing Balance Method:    • Straight Line Method vs Diminishing B...  

Understanding Depreciation Terms:    • Understanding Depreciation Terms  

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