0

Subjects>Law & Government>United States Government

What is the journal entry for receiving a donated asset?

Anonymous

∙ 14y ago

Updated: 8/19/2023

write up the entries required in revaluation account?

Wiki User

∙ 13y ago

What else can I help you with?

Related Questions

What is the Journal Entry for receiving a donated asset from City Government?

[Debit] Donated Assets [Credit] Retained Earning / OE

What is the journal entry to record a donated asset?

Debit fixed assetsCredit donations / retained earnings

What is the journal entry to record sale of donated assets?

[Debit] Cash / bank xxxx [Credit] Sale of donated asset xxxx

What is the journal entry to write off a fully depreciated asset that was donated?

Debit Accumulated Depreciation. Credit the appropriate Fixed Asset account for the originally capitalized amount. Note: Asset retired and donated.

What is the journal entry to write off a partially depreciated asset that was donated?

Debit accumulated depreciationdebit loss on disposalCredit fixed asset account

Is the journal entry of receiving a phone bill an asset or liability?

phone bill is liability for business as it is payable in future and not an asset as the benefit of it has already taken by business.

What are the journal entry for asset revaluation?

debit asset and credit asset revaluation

What is the journal entry for donating fixed asset?

debit donationcredit fixed asset

What is the journal entry if asset appreciates?

Debit Asset accountCredit retained earnings

What is the journal entry for donated cash?

[Debit] Cash [Credit] Donations

What is the journal entry for car donated to business?

[Debit] Donated Car [Credit] Owner equity or retained earnings

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.

Trending Questions

What number and street does alecia Beth Moore live in? What did former US president Harry Truman believe about the CIA? Who sings the Joe Fresh commercial song Dream Tonight? Who do you call to build apartment complexes on the land you already own? Who is the vice president of the US 2011? What did soldiers do before the war? How did they make the Tamiflu commercial with small house? What President Richard Nixon won re-election in 1972 by one of the biggest landslides in U.S. history his second term ended early due to his .? How do you spell misberable? What are the set of instrument use in normal spontaneous delivery? Why does the Library of Congress record our tweets? What companies are known as investment firms? When did the us army start issuing the multicam army combat uniform to soldiers deploying to afghanistan? How is money made in a market economy? What major battles was Woodrow Wilson in in world war1? What was the first navy ship named after an enlisted person? Can you spend a 50 dollar bill? What did thomas kuhn discover during the scientific revolution? What does it mean to have an outstanding loan and be in default? What did John F. Kennedy do in his from the end of his teen years till up to his presidency?

Resources

Top Categories

Product

Company

Copyright ©2025 Answers.com. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.