LESSON 75 C15 P6 DEPRECIATION: ASSET SOLD UNDER WDV METHOD & ASSET DISPOSAL ACCOUNT EXPLAINED. скачать в хорошем качестве

LESSON 75 C15 P6 DEPRECIATION: ASSET SOLD UNDER WDV METHOD & ASSET DISPOSAL ACCOUNT EXPLAINED.

Welcome to Part 6 of our comprehensive Depreciation Series! In this session, we move a step ahead and explore how to account for the sale of machinery when depreciation is charged using the Written Down Value (WDV) Method without maintaining a Provision for Depreciation Account. Through Illustration 12, we will learn how to: ✅ Calculate WDV on the date of sale. ✅ Record purchase, depreciation, and sale of machinery over a 3-year period. ✅ Determine the loss on sale of machinery. ✅ Prepare the Machinery Account step-by-step. We’ll also clearly explain the concept and working of the Asset Disposal Account including entries when Provision for Depreciation Account is maintained and when it is not maintained, with practical clarity and logic. If you’ve been following the series, this lesson will help you connect the dots between depreciation calculations and real-world disposal accounting — a key area often tested in exams and interviews! 💡 Watch till the end for a complete understanding of how asset disposal is handled in both accounting systems. 📘 By: CA Neeraj.B Simplifying Accounting , Building Strong Foundations