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asset

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › asset

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by AvatarP2-D2.
Viewing 2 posts - 1 through 2 (of 2 total)
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  • November 22, 2021 at 2:58 pm #641322
    Avatarsguha
    Participant
    • Topics: 64
    • Replies: 42
    • ☆☆

    when calculating gain/loss on disposal of asset, we compare disposal proceeds against c.v of the asset at the date of disposal.

    if there is any cost of disposal present should we need to adjust that also reducing the disposal proceeds

    November 27, 2021 at 7:40 am #641745
    AvatarP2-D2
    Keymaster
    • Topics: 4
    • Replies: 7232
    • ☆☆☆☆☆

    Hi,

    No, the gain/loss on disposal is simply the proceeds less the carrying value.

    Thanks

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