Session 10 fixed asset transfers
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Session 10—Fixed Asset Transfers. Two key templates Asset Transfer Analysis Depreciable Basis Analysis Transfers of land Deferral of gain on G/L Realized/unrealized gain reclass. Asset Transfer Analysis. Seller Buyer Selling Price $ Cost $ Accum. Depr. _____ NBV _____ _____

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Session 10 fixed asset transfers
Session 10—Fixed Asset Transfers

  • Two key templates

    • Asset Transfer Analysis

    • Depreciable Basis Analysis

  • Transfers of land

    • Deferral of gain on G/L

    • Realized/unrealized gain reclass

Advanced Accounting-Spring 2012


Asset transfer analysis
Asset Transfer Analysis

SellerBuyer

Selling Price $

Cost $

Accum. Depr. _____

NBV _____ _____

Deferred G/L _____

Remaining Life _____

Depr. Exp. _____ _____

Advanced Accounting-Spring 2012


Depreciable basis analysis
Depreciable Basis Analysis

ActualOld BasisDifference

Cost

Acc. Depr.

Depr. Exp.

Advanced Accounting-Spring 2012


Journal entries
Journal Entries

  • Refer to hand-out

Advanced Accounting-Spring 2012


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