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No, Net profit is always from revenues from operating activities while net gain can be from any transaction for example from sale or disposal of old fixed asset etc.
[Debit] Accumulated depreciation [Debit] Loss on disposal (if any) [Credit] Asset [Credit] Profit on disposal (if any)
A disposal account is a gain or loss account that appears in the income statement, and in which is recorded the difference between the disposal proceeds and the net carrying amount of the fixed asset being disposed of.
An account used to record the disposal of an asset or assets and to determine the profit or loss on the disposal. The principle of realization accounts are that they are debited with the book value of the asset and credited with the sale price of the asset. Any balance therefore represents the profit or loss on disposal.
if the asset is hold for disposal
garbage disposal placard
William Cochran has written: 'Grace Mine iron ore waste disposal system and estimated costs' -- subject(s): Costs, Iron industry and trade, Metallurgical plants, Waste disposal
Although Major General George B. McClellan was not part of the Second Battle of Bull Run, he estimated that General Lee had 120,000 troops. This was double the actual number of troops that General Lee had at his disposal. McClellan's estimate was based on numerous rumors instead of actual facts. McClellan had consistently over estimated the number of Rebel troops that were operating in Northern Virginia.
if you disposal garbage at open space it is excreta and if you are using disposal cycle system than it is sewage disposal method.
With the Allen key supplied with the disposal
Disposal of dirty water or contaminated water is known as water disposal
Novelty Chemicals bought a Motor Vehicle for $110,000 on January 5, 2016. The estimated useful life of the vehicle is ten years. The disposal value is estimated at $10,000. Annual depreciation is on the straight line method. Required for years 2016, 2017 and 2018: a) The Motor Vehicle A/c. b) The Provision for depreciation A/c. c) The Profit and Loss accounts extracts for annual depreciation. d) The Balance Sheet extracts for motor vehicle and its related depreciation. full question
form_title= Garbage Disposal form_header= Rid your home of unwanted food with a disposal. Do you need to replace an existing disposal?*= () Yes () No Do you need to repair an existing disposal?*= () Yes () No Do you have a septic tank?*= () Yes () No
Proper disposal antineoplastics
No, Net profit is always from revenues from operating activities while net gain can be from any transaction for example from sale or disposal of old fixed asset etc.
explains the disposal of redundantsurplus,materials and quipment.?
Garbage Disposal Repair Houston