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May 22, 2026, 04:06:49 pm
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Author Topic: Disposal of NCA  (Read 883 times)  Share 

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sardar

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Disposal of NCA
« on: August 03, 2012, 07:30:03 pm »
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Does anyone know the effect of the disposal of Non-current asset on accounting reports?


Mod Edit: Made useful title, removed useless poll, fixed broken English.
« Last Edit: August 04, 2012, 01:15:10 pm by Fyrefly »
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Somye

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Re: Accounting
« Reply #1 on: August 04, 2012, 11:28:01 am »
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Rephrase, your question doesn't make sense
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DiMennzzaa

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Re: Accounting
« Reply #2 on: August 04, 2012, 12:25:14 pm »
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obvious ESL student is obvious.
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Truck

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Re: Accounting
« Reply #3 on: August 04, 2012, 12:49:09 pm »
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Income Statement:
Assets - Decrease (by the carrying value of the asset)
Liabilities - No Effect
Owner's Equity - Decrease (as Disposal of Asset expense increases).

Don't forget to consider the trade-in in your asset and Owner's Equity figure.

Cash flow Statement:
Investing inflow - Carrying value of the asset.
« Last Edit: August 04, 2012, 01:28:21 pm by teewreck »
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