Asset Disposal (Fixed Asset Realisation) Explained with T Accounts Example

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This lesson explains what asset disposal (Fixed Asset Realisation) is and how to record the disposal of an asset using the T Accounts (Asset Account, Accumulated Depreciation Account, and the Asset Disposal Account / Fixed Asset Realisation Account).

Depreciation Calculation Examples:

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YOU ARE A LIFE XOXOX KEEP DOING THIS PLEASE ITS VERY HELPFUL!

KiingMae
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I am not by any means an accounting genius, and I found this clear and easy to follow. Everything made sense. Thank you!

davidbaldwin
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I am saved for my test tom thx a lot my teachers can’t teach ngl

kryptengaming
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Maybe the best accounting lessons on YouTube. Thank you Sir.

hichsonmcthebe
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The way you explain and illustrate... absolute legend!

CJr_M
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id dont usually comment on videos but i just had to on this one, my lecturer has been teaching this for like two weeks now and this is literally the first time i understand anything to do with depreciation or asset disposal, thank you so much😇

BeingBabalwa
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Thank you sooo much i finally understand after soo many mistakes i made i thought this was hard till i watched this video i can't thank you enough, this was really helpful

naledimoropa
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Our lecture introduced us to this topic, i was so stressed, i didn't understand anything, but i remembered i follow you❤🙌life saver.

Sakhile_
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Thank you very much you have made life easy for me ❤I couldn’t understand this part but now it’s crystal clear…

hazeldube-bjhx
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I really love your videos. Very easy to understand. Thanks a lot for the good job!

ROSEMARYEZEUCHENNE
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❤ so easy to understand thank you I was really having difficulties in accounting

dalitsokavalo
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funmasti
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Thank you so much you are a life saver I’m writing my test tomorrow at 3 I hope I will remember your lesson 🙌

thulisiwethobekasibiya
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Excellent explanation, I'm writing my Test on Friday 13 August 2021, you are a life saver

HebrewIsraelite
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ignitiousmatsebe
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Thank you so much Sir keep on doing it we are waiting for more

iviwe-imithandazonikita
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nireshnigovender
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Great explanation helped so much, keep at this it is much needed!!

kyledarleywaddilove
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Please do a video for the note(note 3)

And another example but this time with assets bought during the accounting period

fatimaeve
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Thank you sir this has really helped me now i know who to go to 🎉❤

LuikreciaKelly