Construction
Plant Disposal at Project End
Selling or writing off site plant (generators, site huts) at the end of a construction project.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / Scrap Value | Asset (+) | 5,000.00 | - |
| Accumulated Depreciation (Plant) | Contra-Asset (-) | 40,000.00 | - |
| Plant & Machinery (Cost) | Asset (-) | - | 50,000.00 |
| Loss on Disposal of Plant | Expense (+) | 5,000.00 | - |
💡 Accountant's Note
Project-specific plant is disposed of at close-out. The asset and its accumulated depreciation are removed and any gain or loss on disposal is recognized immediately.
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