Disposal of Non-Current Assets
Principles of Accounts · Secondary 4 · Accounting for Non-Current Assets · 1.º Período

Disposal of Non-Current Assets

Students will learn the accounting procedures for the sale of non-current assets and calculate the gain or loss on disposal.

MOE Syllabus OutcomesMOE POA Syllabus 7087 - 3.3 Sale of non-current assetsMOE POA Syllabus 7087 - 4.1 Ledger accounts

About This Topic

Students will learn the accounting procedures for the sale of non-current assets and calculate the gain or loss on disposal.

Key Questions

  1. What are the steps to record the disposal of a non-current asset?
  2. How is a gain or loss on disposal calculated?
  3. Where is the gain or loss on disposal presented in the financial statements?

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