Depreciation and disposal of Plant & Machinery in VT Transaction+
I am preparing account for a client who is sole trader. He started the business 01 Jan 2017 and Ceased trading on 15 Jan 2018. I am preparing account for this period. He purchased some equipment during year and I need to allow deprecation for them and then dispose them.
How deprecation and disposal should be posted in VT Transaction+
Assuming Cost – additions= £2000 and depreciation is = £200?
And amount of disposal: £1800
Thank you for your help.
How deprecation and disposal should be posted in VT Transaction+
Assuming Cost – additions= £2000 and depreciation is = £200?
And amount of disposal: £1800
Thank you for your help.
0
Comments
-
What's happened to the equipment? did he sell it and if so for how much? If not what is the MV of the equipment at the time of disposal?0
-
Equipments are kept by owner at book value £1800.0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 328 NEW! Qualifications 2022
- 161 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 57 AAT Level 3 Diploma in Accounting
- 95 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 273 VAT
- 92 Software
- 275 Tax
- 138 Bookkeeping
- 7.2K General accounting discussion
- 203 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 584 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership