Trading in of new asset and disposal of old asset
FA-0003
Original price : 9,565.22
Less: Accumulated Depreciation: 2,235.15
Book Value: 7,330.07
The business purchased new asset (actual value) 25,652.17
Less Trading in Value 6,956.52
Net Book Value 18,695.65
The trading in amount of $6956.52 was used againt the first asset, which had a book value afrer depreciation was 7,330.07.
Advise me how to dispose it off with trading value. This feature is not available in Xero
Raz Tax Accountants Limited
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Raz Tax Accountants Limited
commented
How long it take to give idea how to process trade in the new asset with old asset. Need urgent help
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Raz Tax Accountants Limited
commented
How long it take to give idea how to process trade in the new asset with old asset. Need urgent help