When there is the liquidation of fixed assets that are of use-value with cash collection, the accounts recorded are as follows <em>C. Increase income, reduce costs.</em>
- The income increases because of the cash collection from the liquidation. The fixed assets' accounts are credited (reduced) with the costs.
- Then debit the accumulated depreciation account with the amount of its balance. A new account called the <em>"Sale of Fixed Assets" account</em> opens.
- The <em>"Sale of Fixed Assets" account</em> is debited with the costs and credited with the accumulated depreciation and the cash proceeds from the disposal.
Thus, the difference is an increase in income (profit) if the credit side exceeds the debit side of the <em>"Sale of Fixed Assets" account</em>.
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This should be a true statement because Rome was along the Rhine and Danube
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The Government of Nepal has been carrying various poverty reduction activities since early 1970s- such as Subsidized ration distribution to the poor population, Production input distribution e.g. subsidized fertilizers for agriculture production, Integrated community development projects, Food and feeding programs
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The manifest destiny was the belief that the U.S. had the rights to have all the land from the pacific ocean to the atlantic ocean.