Asset transfers

							    Session 10—Fixed Asset
           Transfers
   Two key templates
       Asset Transfer Analysis
       Depreciable Basis Analysis

   Transfers of land
       Deferral of gain on G/L
       Realized/unrealized gain reclass


     Advanced Accounting-Spring 2012       10-1
 Asset Transfer Analysis
                           Seller    Buyer
Selling Price                        $
Cost                       $
Accum. Depr.               _____
NBV                        _____     _____
Deferred G/L                         _____
Remaining Life                       _____
Depr. Exp.                 _____     _____
   Advanced Accounting-Spring 2012           10-2
Depreciable Basis Analysis

                     Actual           Old Basis   Difference
 Cost

 Acc. Depr.

 Depr. Exp.



    Advanced Accounting-Spring 2012                        10-3
                Journal Entries
   Refer to hand-out




     Advanced Accounting-Spring 2012   10-4