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Disposal

MM075y ago
Joan has traded in a non-current asset The entries in her journal include Dr Non-current assets at cost Cr Asset disposal What aspect of the transaction is recorded by this entry? a. Cash proceeds from disposal of the old non-current asset b. Cash payment for purchase of the new non-current asset C. Transfer of the original cost of the old non-current asset on disposal d. Trade in value of the old non-current asset I think D. Please help.
John MoffatJohn MoffatTutor5y ago#1
Yes, D is correct :-)
MM075y ago#2
Thank you sir.
John MoffatJohn MoffatTutor5y ago#3
You are welcome :-)
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