Reclassify fixed asset

  • Creator
    Topic
  • January 3, 2019 at 7:34 am #2144956
    Nami
    Participant

    Hi,

    what would be accounting entry if we would like to reclassify long term fixed asset to current asset ?

    e.g. Acquisition 100 , Accumulated Depreciation 70 , NBV = 30

    Thanks a lot for advice.

    Illinois CPA 02/15

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