Australia Disposing of assets

Jul 3, 2013
Reaction score
Hi, this is my first post and I am lost so bear with me!

We recently had an auction, at this auction we sold all sorts of old assets.
Among these are specific parts of a particular item.

I know what sort of entries I need to do for a truck we sold. But what if we sold the engine out of a vehicle, the engine itself is not an item of plant and as such we do not depreciate it on its own.

How do i estimate the written down value at sale of an item that forms a part of a larger asset?

Or in the case of the example how would I assess the written down value of the engine I sold out of the vehicle?

Thank you in advance!
Last edited:


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

USA disposal of asset 3
asset disposal?? 1
asset disposal?? 0
Gift limits - disposal of assets 8
Disposal of ex-rental asset 5
USA Fixed asset disposal 2
USA Fixed Asset disposal 2
USA Sale of an asset that was previously disposed 1