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Advanced Asset Transfer Analysis and Templates in Accounting

This session delves into crucial templates for fixed asset transfers, focusing on asset transfer analysis and depreciable basis analysis. Key topics include the transfers of land, deferral of gains on realized and unrealized gains/losses, as well as advanced insights into journal entries. The session offers practical tools and examples from Spring 2012 to help participants understand the implications of asset transfers, including the seller and buyer's perspective, selling price, cost, accumulated depreciation, net book value, and depreciation expenses.

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Advanced Asset Transfer Analysis and Templates in Accounting

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Presentation Transcript

  1. 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

  2. Asset Transfer Analysis SellerBuyer Selling Price $ Cost $ Accum. Depr. _____ NBV _____ _____ Deferred G/L _____ Remaining Life _____ Depr. Exp. _____ _____ Advanced Accounting-Spring 2012

  3. Depreciable Basis Analysis ActualOld BasisDifference Cost Acc. Depr. Depr. Exp. Advanced Accounting-Spring 2012

  4. Journal Entries • Refer to hand-out Advanced Accounting-Spring 2012

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