ABC company has sold an equipment with a historical cost of AED200,000 and accumulated depreciation of AED
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Question:
ABC company has sold an equipment with a historical cost of AED200,000 and accumulated depreciation of AED 150,000. and the cash was collected from the buyer.
Required:
- Make the required journal entries to reflect such a revaluation.
- Show the effect of the journal entry on the company cash flows statement.
Related Book For
Business
ISBN: 978-0324829556
10th Edition
Authors: Willian M Pride, Robert J. Hughes, Jack R Kapoor
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