Disposal of Fixed Assets | Sale of Fixed Assets | Financial Accounting Course CPA Exam FAR ch 8 p 5
Channel: Farhat Lectures. The # 1 CPA & Accounting Courses
Date: 2020-03-28

In this video, I explain disposal of fixed assets. Disposal of fixed assets is accounted for by removing cost of the asset and any related accumulated depreciation and accumulated impairment losses from balance sheet, recording receipt of cash and recognizing any resulting gain or loss in income statement. 

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