Question
ABC company 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.
ABC company 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.
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Accounting For Decision Making And Control
Authors: Jerold Zimmerman
5th Edition
0072975865, 978-0072975864
