1 / 4

Session 10—Fixed Asset Transfers

Session 10—Fixed Asset Transfers. Two key templates Asset Transfer Analysis Depreciable Basis Analysis Transfers of land Deferral of gain on G/L Realized/unrealized gain reclass. Asset Transfer Analysis. Seller Buyer Selling Price $ Cost $ Accum. Depr. _____ NBV _____ _____

nibal
Download Presentation

Session 10—Fixed Asset Transfers

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Session 10—Fixed Asset Transfers • Two key templates • Asset Transfer Analysis • Depreciable Basis Analysis • Transfers of land • Deferral of gain on G/L • Realized/unrealized gain reclass Advanced Accounting-Spring 2012

  2. Asset Transfer Analysis SellerBuyer Selling Price $ Cost $ Accum. Depr. _____ NBV _____ _____ Deferred G/L _____ Remaining Life _____ Depr. Exp. _____ _____ Advanced Accounting-Spring 2012

  3. Depreciable Basis Analysis ActualOld BasisDifference Cost Acc. Depr. Depr. Exp. Advanced Accounting-Spring 2012

  4. Journal Entries • Refer to hand-out Advanced Accounting-Spring 2012

More Related