Microsoft Dynamics 365 Business Central Self-Help Place

  A company is going to acquire a new car for $100,000. However, the supplier agrees to give a discount of $5,000 if the company agree to trade-in an old car with the new car. The cost of the old car is $ 120,000 and accumulated depreciation of $ 112,500. It means the company sells an old car for $ 5,000 and buys a new car that costs $ 100,000. They end up paying $ 95,000 only. The total loss of disposal will be as follows: - Loss from disposal = $ 5,000 – ($ 120,000 – $ 112,500) = $ 2,500 Account Debit Credit New Vehicle 100,000 Accumulated Depreciation – Old Vehicle 112,500 Loss on disposal 2,500 Fixed Assets – Cost of old Vehicle 120,000 Cash 95,000 Business Central able to capture the activities without hassle.      1.        To record the Disposal of asset wit...