profit

This topic has 2 replies, 2 voices, and was last updated 3 years ago by xyzc.

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January 18, 2023 at 12:17 pm #676892
xyzc
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Is profit or loss on disposal of plant going to appear in the ppe t account in the statement of cash flows chapter.
Also if a plant has been sold then the ppe t account is credited with proceeds amount or the carrying amount
January 18, 2023 at 9:29 pm #676958
P2-D2
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No, the profit or loss does not appear in the t-account. It is just the carrying value that is adjusted.
January 28, 2023 at 10:30 am #677518
xyzc
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so like profit or loss proceeds also don’t appear it is correct
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