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Classified Ads. Members can submit Classified Ads for machines that they have for sale to the VintageMachinery site. Sellers assume all responsibility for these listings.
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Surplus Record: Used Machinery, Tools & Equipment Directory
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Journal Entry for Sale of Old Machinery
The management has decided to sell old machinery due to the breakdown, it is sold for $ 20,000. This machinery was purchased for $ 65,000 and the accumulated depreciation is $ 30,000 on the disposal date. Please prepare journal entry for sale of old machinery. The old machinery's net book value is $ 35,000 ($ 65,000 – $ 30,000).
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