Accounting entries for derecognition of an asset

Question

How to you pass journal entries for a derecognition of a part of an asset as per IAS 16?

Answer 1

Dr *** disposal proceeds (Bank) (SFP)
Dr/Cr Gain /Loss (P/L)
Cr Asset derecognised/disposed (SFP)

Disposal proceeds are measured at fair value of the consideration receivable.

I hope it is clear.

Answer 2

If you were sepretaly depreciating part of asset then it is better to make following entries

Cash(dr)
Acc. Depreciation (dr)
Loss (dr) (if dr side is less than credit side)
Part of asset (cr)
Profit (cr) if cr side is less than dr side.

Amount of loss or profit is difference of both side.