Debit: liquidation of fixed assets
accumulated depreciation
Loans: fixed assets
Debit: liquidation of fixed assets
Loan: Taxes payable-VAT payable
Debit: bank deposit
300
Loan: liquidation of fixed assets
300
(2) Borrow: fixed assets
Non-operating expenses-asset disposal losses (or loans: non-operating income-asset disposal income)
Loan: Bank deposit (price difference)
Taxes payable-VAT payable-input tax
Liquidation of fixed assets
Second, the determination of the cost of buying new goods.
According to the provisions of the Value-added Tax Law, if a taxpayer sells taxable products in the form of "trade-in", the sales income is the sales price of new goods (excluding the purchase price of old goods). Accordingly, the buyer should determine the cost of purchasing goods according to the sales price of new goods. That is, the fair market price of new commodities and the related expenses such as transportation, loading and unloading, insurance and so on are used to determine the cost of new commodities.