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Fixed asset note - elimination on disposal

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Please is it a must to have elimination on disposal under depreciation, if there is disposal under costs during the year?

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By lionofludesch
18th Jul 2020 10:34

Baffling question.

But I vote yes

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By johngroganjga
18th Jul 2020 10:40

Only if there is accumulated depreciation on the now sold asset to eliminate.

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