The company ALPHA on 31/8/2021 sells mechanical equipment for € 380,000. The equipment was acquired on 1/5/2016 (date of commencement of production activity) for an amount of € 450,000. The depreciation rate of the equipment is 10% per year. Make the relevant accounting entries for the sale.
The company ALPHA on 31/8/2021 sells mechanical equipment for € 380,000. The equipment was acquired on 1/5/2016 (date of commencement of production activity) for an amount of € 450,000. The depreciation rate of the equipment is 10% per year. Make the relevant accounting entries for the sale.
Chapter14: Property Transactions: Capital Gains And Losses, § 1231, And Recapture Provisions
Section: Chapter Questions
Problem 32CE
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The company ALPHA on 31/8/2021 sells mechanical equipment for € 380,000.
The equipment was acquired on 1/5/2016 (date of commencement of production activity) for an amount of € 450,000. The
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