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2009 Depreciation

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November 18, 2009 03:16PM
I am working on my depreciatiion for 2009 and I have 2 problems.

Problem #1. We bought a new pickup and traded in a completely depreciated pickup as part of the purchase price. In the purchases journal I showed the completely depreciated pu as traded in as well as the cash paid. The trade-in pu is still listed in the auto asset account and the acculumlated depreciation account. I would like to remove them from those accounts.

Problem #2: In 2002 we traded a completely depreciated tractor in on a new tractor. That traded-in tractor and the related a/c depre are still being carried on in the asset and a/c depre account. I would like to remove them from those accounts.

How do I accomplish these two factors.

Last year I got help on getting a trade-in off the books when I purchased a new asset, but that trade-in had a book value.

Can you help?
SubjectAuthorPosted

2009 Depreciation

Mary Paul WilliamsNovember 18, 2009 03:16PM

Re: 2009 Depreciation Attachments

KathyClineNovember 18, 2009 06:08PM

Re: 2009 Depreciation

Mary Paul WilliamsNovember 19, 2009 06:57AM

Re: 2009 Depreciation

KathyClineNovember 19, 2009 08:33AM

Re: 2009 Depreciation

Mary Paul WilliamsNovember 19, 2009 11:22AM



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