Section outline

• Select section INTRODUCTION

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  INTRODUCTION

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  Disposal of non current assets refers to the process of removing or selling assets that are no longer needed or useful to a business. This can include such as equipment, vehicles, buildings and etc. When a non-current asset is disposed of, depreciation will be calculated up to this date based on useful life and the depreciation method chosen (straight line, reducing balance, etc.).

  Essentially, the accounting for the disposal of a non-current asset consists of the following steps:
  

  i. Update accumulated depreciation on the assets
  ii. Calculate gain or loss on the disposal
  iii. Record the disposal
  iv. Presentation on Financial Statement

  
  

  • Select activity Announcements

    

    Announcements Forum
• Select section DEPRECIATION FOR NON CURRENT ASSETS

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  DEPRECIATION FOR NON CURRENT ASSETS

  depreciation 

  • Select activity HOW TO CALCULATE AND RECORD DEPRECIATION

    

    HOW TO CALCULATE AND RECORD DEPRECIATION File

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  • Select activity What is depreciation of assets?

    

    What is depreciation of assets? Forum

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  • Select activity HOW TO DEPRECIATE FIXED ASSETShttps://www.youtube....

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    HOW TO DEPRECIATE FIXED ASSETS

    
    

    
    

  • Select activity EXERCISE FOR DEPRECIATION

    

    EXERCISE FOR DEPRECIATION Assignment

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  • Select activity QUIZ 1

    

    QUIZ 1

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• Select section ACCOUNTING TREATMENT FOR DISPOSAL NON CURRENT ASSETS

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  ACCOUNTING TREATMENT FOR DISPOSAL NON CURRENT ASSETS

  • Select activity GIVE YOUR ANSWER

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    GIVE YOUR ANSWER

    
  • Select activity ACCOUNTING TREATMENT FOR DISPOSAL

    

    ACCOUNTING TREATMENT FOR DISPOSAL File

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  • Select activity VIDEO FOR DISPOSAL https://www.youtube.com/wa...

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    VIDEO FOR DISPOSAL 

    
    

  • Select activity ACCOUNTING TREATMENT FOR DSIPOSAL

    

    ACCOUNTING TREATMENT FOR DSIPOSAL URL

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  • Select activity EXERCISE FOR DISPOSAL

    

    EXERCISE FOR DISPOSAL Assignment

    Opened: Tuesday, 23 July 2024, 12:00 AM

    Due: Tuesday, 30 July 2024, 12:00 AM

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  • Select activity QUIZ 2

    

    QUIZ 2

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  • Select activity Refer to text book for more explanation.

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    Refer to text book for more explanation.

    
    

    
    

  • Select activity STEP TO RECORD

    

    STEP TO RECORD Lesson

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  • Select activity DISPOSAL ASSETS

    

    DISPOSAL ASSETS Interactive Content

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  • Select activity FEEDBACK

    

    FEEDBACK

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• Select section Topic 3

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  Topic 3
• Select section Topic 4

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  Topic 4
• Select section Topic 5

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  Topic 5