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Disposal

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Disposal

  • This topic has 0 replies, 1 voice, and was last updated 7 years ago by Abror.
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  • October 21, 2015 at 9:23 pm #278273
    Abror
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    • Topics: 75
    • Replies: 38
    • ☆☆

    Hi Mr John. Why do we credit accumulate depreciation? What’s logic here? Regarding Depreciation expense, we credit it since it’s expense…
    Second question: What about Disposal account Why do we put cost of car in debit side and why residual value and acc depreciation in credit side? There must be logic which helps us understand and remember…Thank you…

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