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Journal entryIntermediatePublished

Question · Investing activities

Gelmont sells an item of equipment for cash: cost 140,000, accumulated depreciation 92,000, price received 61,000 (case data). Record the disposal entry; the amount debited to cash is the investing cash flow.

Cost of the equipment
140,000
Accumulated depreciation
92,000
Price received
61,000
Your answer
  1. Line 1

    Account Cash

  2. Line 2

    Account Accumulated depreciation

  3. Line 3

    Account Property, plant and equipment (cost)

  4. Line 4

    Account Gain on disposal

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