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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Answer:
the new laws failed because there not as strict as they used to be
First,you can circle the key word in the essay topic(e.g.the dates,person)
Second,you can think about the both sides
Third,you draw a mind map of both sides
Fourth,choose the sides that you have write more things and start doing
(d). details in the selection, can help you study and draw conclusions about the originating culture.