the general journal: Using the straight line method, recognise the depreciation of asset for the part of currer accounting period for which the asset has been used Transfer the capitalised cost of asset sold from asset account to the disposal of asset account Transfer the accumulated depreciation of asset sold from asset account to the Disposal asset account Record the disposal price of the asset (if any) into the disposal of asset account Determine the profit or loss resulting from the disposal of the asset and transfer this profit or loss to the statement of comprehensive income using either of profit or loss on disposal account Then post these entries to the general ledger. This assessment task must be completed using MS Excel program. If you do not have this program available on your machine, inform your trainer/ assessor at the earliest. Ideally, this ask should be completed in conjunction with the relevant learning sessions. Trainers/ assessor may change schedule of this task to coincide with relevant learning sessions