Fixed Assets - EBS (MOSC)

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Partial retirement accounting

edited Mar 25, 2020 5:03AM in Fixed Assets - EBS (MOSC) 1 commentAnswered

Hi

we have current cost is 14,293,338.95 & we retired this on 357,333.00 amount & now proceeds of sale is 249,108.00 & it will making Gain/loss 5,674.89.

We are using SLM method & our depreciation rate is 25%, so how we can calculate accumulated depreciation on this partial retirement activities ????

Faraz

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