Accountıng Iı Deneme Sınavı Sorusu #1033328
Anadolu Co. sells its machine for 150,000 TL. When the machinery was purchased three years ago the capitalized cost of the machinery was 350,000 TL (The machine is estimated to have been used used for 5 years). Anadolu Co. applies straight-line depreciation method and the machinery has an accumulated depreciation of 210,000 TL. How will Anadolu Co. record this sale in the journal?
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Records as a Loss on Sale of Machinery&Equipment |
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Records as a Advances Paid |
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Records as a non-profit on Sale of Machinery&Equipment |
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Records as a Depreciation Expense |
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Records as a Gain on Sale of Machinery&Equipment |
Anadolu Co. sells its machine for 150,000 TL. AnadoluCo. receives 150,000 TL cash and it exceeds the book value of 140,000 TL. Thus, a gain of 10,000 TL is recorded.
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