Accounting for the Sale of Property, Plant and Equipment

Let's simplify the process of accounting for the sale of plant assets, using a detailed machinery sale example. In this video, we dissect the steps and processes associated with the sale of machinery, focusing on calculating depreciation, determining book value, and accurately recording the sale, whether at a gain, loss, or at book value.

📍 Example walkthrough: Machinery Sale
📍 Calculating Updated Depreciation
📍 Determining Machinery’s Book Value
📍 Recording the Sale: Gain, Loss & Book Value

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Jonathan M. Wild

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