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

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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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