AO90 asset accounting
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Transcript of AO90 asset accounting
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8/16/2019 AO90 asset accounting
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In AO90 the following should be a Balance Sheet Account Acquisition:Acquis. and production costsAcquisition: down paymentsContra account: Acquisition valueDown-payments clearing accountAcquisition from affiliated companyRevaluation acquis. and production costs The follwing should be a Profit and Loss Account: Loss made on asset retirement w/o reven.Clearing acct. revenue from asset saleGain from asset saleLoss from asset saleClear.revenue sale to affil.companyRevenue frm post-capitaliz:Offsetting account: Revaluation APC