By Admin on Jan 22, 2010 in Small Business
Ubernoob asked:
A sofa that was no longer in use was sold to a used car company. $9,900.00 was the original value of the asset. No cash changed hands. 34% is the rate of amortization for this asset class. $2,475.00 of the asset’s original value was amortized. $4,009.50 of the book value was the price paid for the asset.
A sofa that was no longer in use was sold to a used car company. $9,900.00 was the original value of the asset. No cash changed hands. 34% is the rate of amortization for this asset class. $2,475.00 of the asset’s original value was amortized. $4,009.50 of the book value was the price paid for the asset.
Post a Comment
You must be logged in to post a comment.