04-13-2009, 05:43 PM
Dear kamran Sb,
Does it mean that new machine's cost be "Fair Market value of Old Machine"+"Trade in Allowance"
or
New Machine 30,000 DR
Dep 8,000 DR
Loss 4,000 DR
Old Machine 24,000 CR
Cash 18,000 CR
Will it reflect true picture of transaction????
Does it mean that new machine's cost be "Fair Market value of Old Machine"+"Trade in Allowance"
or
New Machine 30,000 DR
Dep 8,000 DR
Loss 4,000 DR
Old Machine 24,000 CR
Cash 18,000 CR
Will it reflect true picture of transaction????