Summary Asset Disposal Step-by-step

Asset Disposal
+ Vehicles (A) -
Start of Balance B/d xxx Date of Asset disposal GJ CP of asset
current sale
month

End of Balance C/d xxx
Month



Start of Balance B/d xxx
new
month



+ Depreciation (E) -
Date of ACD on Vehicles GJ Calculated
sale depreciation
up until date
of sale

Start of Total B/d xxx
new
month



- Accumulated Depreciation on Vehicles (-A) +
Date of Assets disposal GJ Accumulated Date of Depreciation GJ Calculated
sale depreciation sale depreciation
on vehicle up until date
of sale

End of Balance C/d xxx
Month



Start of Balance B/d xxx
new
month



+ Bank/ Debtors Control (A) -
Date of Asset Disposal GJ Selling Price End of Balance C/d xxx
sale of asset Month



Start of Balance B/d xxx
new
month