Loss on disposal

2008-05-27 3:50 am

Office equipment $3100 was introduced by the owner this year.
An office equipment $1600 which was acquired on 30 Nov 2000 was sold for $200.
Office equipment at cost $16500
Reducing balance method 10%
Prov. for depreciation of Office equipment $8279

HOW TO CLACULATE THE LOSS ON DISPOSAL?
THANK YOU^^

更新1:

full year's depieciation will be charged in the year of acquistion none in the year of disposal

更新2:

sorry for my poor prensentation... In a company, there're office equipment $16500 and its Prov. for depreciation is $8279. In this $16500, an office equipment $1600 which was acquired on 30 Nov 2000 was sold for $200. This year, owner introduced a new office equipment $3100.

更新3:

Sorry, I forgot to mention that the year ended 31 March 2006. Ans=$745 OH how come...? I hope these can help you to solve my problem,thank you. ^^

回答 (1)

[匿名]

2008-05-27 6:43 am

✔ 最佳答案

There are some questions in your question!

Why there are 3 office equipment in your question costing $3100, $1600 and $16500? Which one you want to dispose?

Moreover, I cannot work out your accumulated depreciation $8279

The definition is

The gain or loss arising from the derecognition of an item of property, plant
and equipment shall be determined as the difference between the net disposal proceeds, if any, and the carrying amount of the item. (HKAS 16)

Assuming the asset to be disposed cost $1600
Using reducing balance method, the accumulated depreciation as at 31 Dec 2007 is $911.25 and NBV is $688.75 (No depreciation is charged for 2008 year when you dispose the asset.)

Loss on disposal is $688.75 - $200 = $488.75

For your reference:

YearAcc deprnNBV
2000 160.00 1,440.00
2001 144.00 1,296.00
2002 129.60 1,166.40
2003 116.64 1,049.76
2004 104.98 944.78
2005 94.48 850.31
2006 85.03 765.28
2007 76.53 688.75
2008

911.25 688.75

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