Debit accumulated depreciation
debit loss on disposal
Credit fixed asset
Debit accumulated depreciationdebit loss on disposalCredit fixed asset
general journal
debit asset and credit asset revaluation
There isn't a time frame or age requirement. As long as you can continue to perform and are an asset to the team, they will keep you on. Once you can no longer provide value, they will cut you. Most players know when they are no longer of value and retire at that point.
debit donationcredit fixed asset
Debit Asset accountCredit retained earnings
debit accumulated depreciationcredit asset
deposit account (asset) = dr bank =cr
debit asset credit bank
Drawings A/c (debit) TO Asset A/c (credit)
example of an depreciation asset
debit loss of assetscredit fixed asset account