Sale of an asset on account of depreciation, accounting, Basic Statistics

Sale of an asset on account of depreciation, accounting, Basic Statistics

Assignment Help:

Write a short note on Sale of An Asset on account of Depreciation.

Ans. An asset can be sold anytime before or after its useful life estimated time, in case the asset is sold more than its existing written down value it will be a case of profit and opposite to it if the sale is less the existing book value of the asset than it will be case of purely loss, whiter there is loss or profit the both will be entered into the profit & Loss Account. In case of Profit the Profit & Loss Account will be credit and if loss is there then the Profit and Loss Account will be debited.

Related Discussions:- Sale of an asset on account of depreciation, accounting

Variance analysis, Variance analysis In spending budget (or control sales ...

Variance analysis In spending budget (or control sales in general), a change is the change between an allocated, thought out or conventional quantity and the actual quantity incur

Cash equivalent., Cash equivalent Short-term: highly liquid investments th...

Cash equivalent Short-term: highly liquid investments that are together [1) readily convertible to known amounts of cash & [2) so close to their maturity that they there insignifi

How to choose a sample, Q. How to Choose a Sample? The way a sample is ...

Q. How to Choose a Sample? The way a sample is chosen is extremely important in all statistical studies. This is because, ultimately, all the inferences will be based on the s

Merger and acquisition , GE matrix of a company

GE matrix of a company

Compute the data using both Megastats and Excel Data, AA major razor blade ...

AA major razor blade manufacturer advertises that its twin-blade disposable razor “gets you lots more shaves” than any single-blade disposable razor on the market. A rival company

Basic statistics, Since you have answered the same below question on 2012, ...

Since you have answered the same below question on 2012, can you provide it to me as free of charge this time? if yes, please send it to me on: Question" Case 1: Decision Analysis

Variance, V ariance A measure of dispersion the variance represents...

V ariance A measure of dispersion the variance represents the average distance from any given observation in a series to the mean of that series in the units squared.

Spss data analysis assignment, At the end of their first year of teaching, ...

At the end of their first year of teaching, 11 teachers were jointly ranked by two school administrators to reflect their relative degree of teaching competence. Unknown to the adm

Introduction to statistics, characteristics of statistics

characteristics of statistics

Icmap, 03 (a) Explain the term capital rationing and suggest the criteria t...

03 (a) Explain the term capital rationing and suggest the criteria to be used in ranking projects under capital rationing. (05) (b) There are three projects X Y and Z having follow

Write Your Message!

Name

Email id

Message

Verfication Code

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd