Example 1 - Disposal Balance as at 1 January 2019 Machinery cost RM 174,800 Accumulated dep 85,800 A machine which cost RM 70,000 with an accumulated depreciation of RM 45,000, was sold off for RM 14,200 on 1 November 2019. Depreciation charge is at 10% p.a on cost. No depreciation provided on the year of sale. Journal entry for disposal and at 31 Dec Prepare the IS and BS extract at 31 Dec 2019 Example 2 Trial Balance as at 1 Jan 2019 DR CR Equipment 89,000 Accumulated depr Equipment 26,900 Equipment is depreciated at 10 % on cost. An old equipment was sold off on 1 August for RM 5,000 which cost RM 13,000 and had an accumulated depreciation of RM 10,000. Journal entry for disposal and at 31 Dec Prepare the IS and BS extract at 31 Dec 2019 Example 3 CR Trial Balance as at 31 Dec 2019 DR Equipment 239,000 Accumulated depr Equipment 126,900 Equipment is depreciated at 15% on cost. During the year ,an old equipment was sold off for RM 35,000 which cost RM 83,000 which was purchased 4 year ago. Journal entry for disposal and at 31 Dec 2019 Prepare the IS and BS extract at 31 Dec 2019