Halvérine sells on credit, for 55,000 payable within 60 days, a licence to exploit culinary recipes acquired for 200,000 and amortised by 130,000 at the date of disposal. No costs are incurred. Record the derecognition entry.
- Acquisition cost of the licence
- 200,000
- Accumulated amortisation
- 130,000
- Selling price receivable
- 55,000