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What is the journal entry for donating fixed asset?
debit donationcredit fixed asset
What is the journal entry to write off a fully depreciated asset?
[Debit] Cash (if any) xxxx [Debit] Accumulated depreciation xxxx [Debit] Loss on disposal of asset (if any) xxxx [Credit] Asset account xxxx [Credit] Profit on disposal of asset(if any)xxxx
What are the double entries to record an unrealized gain on a fixed asset?
no entry needed
What is the journal entry for lost of fixed assets?
debit loss of assetcredit fixed asset account
What is journal entry if fixed assets lost by theft?
debit loss of assetcredit fixed asset
What is the journal entry to record fixed asset disposals?
[Debit] Accululated Depreciation xxxx [Debit] Loss on disposal of asset xxxx [Credit] Asset account xxxx Entry 2 [debit] Profit and loss account xxxx [Credit] Loss on disposal of asset xxxx
How do you calculate disposal of fixed assets?
[Debit] Accumulated depreciation [Debit] Loss on disposal (if any) [Credit] Asset [Credit] Profit on disposal (if any)
What is the journal entry to write off an asset was damage or lost?
debit loss of assetscredit fixed asset account
What are the Journal entries for a sale of subsidiary?
There are several important journal entries for the sale of a subsidiary. These include: Fixed assets, current assets, current liability, deferred tax liability, and goodwill.
What is the journal entry for street line method?
Debit depreciationCredit fixed asset
What is the journal entry for depreciation expense?
Debit depreciation expenseCredit fixed asset
Journal entry for the interest on a fixed asset purchase?
Debit fixed assetdebit interest expenseCredit cash /bank
