|Accumulated Historical Cost
||The original or deemed cost of the asset plus additions, minus partial disposals.
||The original cost of any 'add-on', which becomes an integral part of an existing item of plant and equipment.
|Written Down Value
||Accumulated Historical Cost less Accumulated Depreciation.
||The removal of an asset from the Plant and Equipment Register and the reversal of previous general ledger entries for that asset.
||When an entire asset is either sold or scrapped.
||When only a part (or portion) of an asset is sold or scrapped.
||The total value of cash or equivalent received by the University in exchange for an asset which has been disposed.
|Profit/Loss on Disposal
||The difference between an assets accumulated depreciation and its historical cost (or other value substituted for historical cost in the accounting records) less the net amount actually recovered on disposal, should be brought into account as a profit or loss, as the case may be, on disposal.
||The estimated period over which a depreciable asset is expected to be used, or the benefits represented by the asset are expected to be derived.