Accounting Questions: The following transactions need to be processed through the Fixed Assets Dispo

The "Liquidation of Fixed Assets" account accounts for the value of fixed assets transferred out by the enterprise due to **, scrapping, damage, foreign investment, non-monetary asset exchange, debt restructuring and other reasons, as well as the expenses incurred in the liquidation process. Specifically, it includes the following links:

1. Fixed assets are transferred to liquidation.

Debit: Disposal of fixed assets (book value of the fixed asset) is based on the accumulated depreciation accrued.

Accumulated depreciation (the amount of accumulated depreciation accrued) is debited as an impairment provision accrued"

Provision for impairment of fixed assets (provision for impairment that has been accrued) is based on its original book value, credit: fixed assets (original book value).

Credit: Bank deposits.

Tax Payable – Business tax payable (real estate payable).

VAT payable (payment of movable property).

3. Recover the price, residual material value and valuation income of fixed assets, etc., and borrow: bank deposits and raw materials.

Wait. Credit: Disposal of fixed assets.

4. Losses that should be compensated by the insurance company or the negligent person, borrowing: other receivables.

Credit: Disposal of fixed assets.

5. Clean-up net profit and loss.

1) After the completion of the liquidation of fixed assets, it belongs to the normal disposal loss during the production and operation period, and the non-operating expenses are borrowed from the disposal loss of non-current assets.

Credit: Disposal of fixed assets.

2) Losses caused by natural disasters and other abnormal causes

Borrow: Non-operating expenses are very loss-making.

Credit: Disposal of fixed assets.

3) If it is a credit balance, borrow: fixed assets disposal.

Credit: Non-operating income - gain on disposal of non-current assets.

The following transactions need to be processed through the Fixed Asset Disposal account:

b. Fixed assets**.

c. Retirement of fixed assets.

e. Damage to fixed assets.

The liquidation of fixed assets refers to the scrapping and liquidation of fixed assets, as well as the liquidation of fixed assets that have been damaged and lost due to various force majeure natural disasters.

Answer]: a, b, d

The fixed assets of the enterprise should first be accounted for through the account of "property loss and excess to be disposed of", and then transferred to the account of "non-operating expenditure" when it is reported for approval and resale.

Answer]: When the fixed assets are renovated and expanded, the value of the accounts should be transferred to the accounting of the construction in progress, and the blind accounting should not be carried out through the "fixed assets liquidation" account.

Answer]: A The disposal of fixed assets includes the **, scrapping, damage, foreign investment, non-Luchun monetary asset exchange, debt restructuring, etc. The disposal of prudent assets should be accounted for through the account of "fixed capital and basic asset liquidation".

Answer]: c, d

Option A is accounted for through the "Pending Property Loss and Loss" account; Option B accounts for recombustion through the "Leakage and Balance Void Construction in Progress" account.

Answer]: b, c, d

The fixed assets that are reduced due to hail, scrapping, damage and other reasons in the enterprise shall be accounted for in the "fixed assets clearance" account.

Answer]: The fixed assets of enterprise A should be accounted for in the "fixed assets liquidation" account for the reasons of the reduction of the base potato, such as scrapping, and damage. So choose A.