Asset exchange (Trade-in)
Affairs can be an asset that is used, but not expired to exchange with the new asset. Therefore, the price of an asset acquired by a new competitive rates of Exchange applied asset or assets acquired
. Fair price means the price arising from exchanges between buyers and sellers that are knowledgeable and willing to exchange with a freedom and without relevant sections
.The exchange of assets, divided into 2 look like this:
1. the different types of asset exchange
2. same type of asset exchanges
steps in calculating asset exchange
1.Find out the accumulated depreciation from the date you start until the asset is exchanged for the price 2.
of an asset that is going to be an equal exchange rates cost-accumulated depreciation
3. gain and loss from asset exchange
. Fair price (market price) and the price of allowances xx
xx
assets gain (loss) on foreign exchange assets. Xx
4. calculation of the cash paid or received from the exchange of
5. saving account in general journals, this field must be
.
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