Accountancy, asked by nikilbikram10, 9 hours ago

loss on sale of fixed asset is

Answers

Answered by laxmanverma33

6

Answer:

The gain or loss is calculated as the net disposal proceeds, minus the asset's carrying value. ... Debit all accumulated depreciation and credit the fixed asset. Loss on sale. Debit cash for the amount received, debit all accumulated depreciation, debit the loss on sale of asset account, and credit the fixed asset.

Answered by pavangbhat

2

Answer:

I don't know

Explanation:

hope you can get help

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