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AC09 Non-Current Asset Disposal - Coggle Diagram
AC09 Non-Current Asset Disposal
Disposal
Trade-in
Trade-in Value
Cost of new asset - Cash top up
Gain / (Loss)
Trade-in value - NBV
Loss
Dr Accumulated depreciation
Dr New Asset YYY
Dr Loss on trade-in of XXX
Cr Asset XXX
Cr Cash
Gain
Dr Accumulated depreciation
Dr New Asset YYY
Cr Gain on trade-in of XXX
Cr Asset XXX
Cr Cash
Sale
Gain / (Loss) = Sales Proceeds - NBV
Loss
Dr Accumulated depreciation/amortisation
Dr Cash
Dr Loss on disposal of XXX
Cr Asset XXX
Gain
Dr Accumulated depreciation/amortisation
Dr Cash
Cr Gain on disposal of XXX
Cr Asset XXX
Discard
Sales Proceeds = 0
NBV
Cost - Accumulated Depreciation/Amortisation - Accumulated Impairment loss
SCI
Gains
Other Income
Losses
Expenses