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Faulty asset fully refunded

  • Member PM.Dip
  • Practice Licence
  • 1 post
  • # 122122

 A sole trader introduced a computer to his business paid by his personal bank account. The computer developed a fault after 7 months in use and he got a full refund into his personal bank account. I`ve been wondering how to account for the disposal of the computer and how to deal with the depreciation.

Edited at 21 Jun 2022 10:21 AM GMT

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