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What is the journal entry for donating fixed asset?

Anonymous

∙ 11y ago

Updated: 9/18/2023

debit donation
credit fixed asset

Wiki User

∙ 11y ago

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What is journal entry if fixed assets lost by theft?

debit loss of assetcredit fixed asset

What is the journal entry for depreciation expense?

Debit depreciation expenseCredit fixed asset

What is the journal entry to write off an asset was damage or lost?

debit loss of assetscredit fixed asset account

Journal entry for the interest on a fixed asset purchase?

Debit fixed assetdebit interest expenseCredit cash /bank

What is the journal entry when you have not fully depreciated as asset that no longer exists?

Debit accumulated depreciationdebit loss on disposalCredit fixed asset

Related Questions

What is journal entry if fixed assets lost by theft?

debit loss of assetcredit fixed asset

What is the journal entry for depreciation expense?

Debit depreciation expenseCredit fixed asset

What is the journal entry for street line method?

Debit depreciationCredit fixed asset

What is the Journal entry move land out of current assets?

Land is not a current asset and if recorded as current asset then no entry required to re-classify as fixed asset.

What is the journal entry to write off an asset was damage or lost?

debit loss of assetscredit fixed asset account

Journal entry for the interest on a fixed asset purchase?

Debit fixed assetdebit interest expenseCredit cash /bank

What is the journal entry when you have not fully depreciated as asset that no longer exists?

Debit accumulated depreciationdebit loss on disposalCredit fixed asset

What is the journal entry to retire an asset that was damagaged and no longer in use?

Debit accumulated depreciationdebit loss on disposalCredit fixed asset

What is the journal entry for lost of fixed assets?

debit loss of assetcredit fixed asset account

What is the journal entry to record a donated asset?

Debit fixed assetsCredit donations / retained earnings

What is the journal entry of asset acquisition in ledger accounts?

debit fixed assetcredit cash / bank

What is journal entry to sell assets?

Debit accumulated depreciationdebit cash / bankCredit fixed asset

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