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Disposal proceeds refer to the cash or value received from selling or disposing of an asset. This amount typically reflects the sale price minus any costs associated with the disposal, such as transaction fees or taxes. In financial reporting, disposal proceeds are important for calculating gains or losses on the sale of assets. They are often considered in the context of asset management and investment analysis.

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1mo ago

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What are proceeds from disposal of assets?

Proceeds from disposal of assets is equal to = Total cost of disposed assets- Accumulated depreciation related to assets disposed+ Profit on sale of fixed assets


Accounting entries for disposal of subsidiaries?

Debit cash proceeds Credit investment credit gain on loss of disposal


What is a disposal account in accounting?

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.


Where does disposal of motor vehicle go in an income statement?

Disposal of motor vehicle is not shown in income statement rather proceeds goes to balance sheet any loss or profit on disposal is shown in income statement only.


What does the word disposal mean?

Disposal refers to getting rid of, settling, doing away with something.


What does donate proceeds mean?

It means that whatever money is collected (the proceeds) through a certain activity will be donated to a specific organization... they should say where.


What does dis mean in disposal?

In "disposal," "dis" is a prefix that means "to get rid of" or "to remove." So, disposal refers to the act of getting rid of or discarding something that is no longer needed.


What does zag mean?

A line or course that proceeds by sharp turns in alternating directions


What does it mean to be resourceful?

To use any means at your disposal effectively...


What does the military acronym EOD mean?

Explosive Ordnance Disposal


What is the meaning of the word proceeds?

The meaning of the word proceeds is getting money from an event or activity in essence it's yield. The word proceeds can also mean to move forward and advance.


Is proceeds plural or singular?

The word "proceeds" is plural. It refers to the total amount of money received from a sale or event, typically used in contexts like fundraising or auctions. The singular form would be "proceed," which can mean to advance or move forward, but in financial contexts, "proceeds" is the correct term.