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Proli Footwear Analysis of Long-Lived Asset Disposals and Related Gains/Losses December 31, 2014 Accumulated Book Cash Gain/ Description of Item Cost Depreciation Value Received *
| Proli Footwear | ||||||
| Analysis of Long-Lived Asset Disposals and Related Gains/Losses | ||||||
| December 31, 2014 | ||||||
| Accumulated | Book | Cash | Gain/ | |||
| Description of Item | Cost | Depreciation | Value | Received * | (Loss) | |
| Balance per trial balance | 0 | |||||
| Audit adjustments: | ||||||
| Sale of 1 type E machine - Manufacturing Equipment | ||||||
| Note: purchased in 1996-15 year life | 103,330 | 103,330 | 0 | 12,000 | ||
| Sale of 2 type BB equipment - Warehouse Equipment | ||||||
| Note: purchased in 2001-15 year life | 794,960 | 688,961 | 105,999 | 1,000 | ||
| Balance per audit | 898,290 | 792,291 | ||||
| *Miscellaneous income (account #8500) was credited for the cash received. RP | ||||||
| Note: Prepare one AJE for each item sold. RP | ||||||
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Management And Cost Accounting
Authors: Charles T. Horngren (Author), Alnoor Bhimani (Author), Srikant M. Datar (Author), George Foster
2nd Edition
0273651838, 978-0273651833
