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We have just sold some of our fully depreciated furniture & I just wonna know what are the J/Es for PPE de-recognition as per IAS 16. Can someone help?
in IAS 16 - Property, Plant and Equipment by
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According to IAS 16, following is the journal entry for derecognition of property, plant, and equipment.

Cash (Debit)                                                    xxx

Accumulated Depreciation (Debit)                      xxx

Property, Plant, and Equipment (Credit)                      xxx

Profit and loss (Balancing Figure)                           xxx

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