Asset Disposals

This assignment will provide you with practice computing gains and losses on asset disposals as well as recording the journal entries relating to asset disposals.

Relevant Excel Functions

This assignment will require you to be able to use some or all of the following Excel functions. Click on the hyperlinked section number next to the relevant Excel skill to be directed to a page showing how to perform the assigned task in Excel:

  • Cell References (1.5)

  • Drop-Down Lists (1.10)

  • Nested IF Statements (1.12)

  • Absolute Value (1.2)

  • Basic Calculations (1.3)

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