The balance at cost of an asset in the ledger is £500. The balance on the provision for depreciation account of the asset is £400. If the asset is sold for £50 the double entry should be:

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The Answer of The balance at cost of an asset in the ledger is £500. The balance on the provision for depreciation account of the asset is £400. If the asset is sold for £50 the double entry should be:

The Balance at Cost of an Asset in the Ledger