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first of all
MACHINERY A/C -DR 10,000
CASH /BANK -CR 10,000
DEP A/C -DR 6000
ACCUMULATED DEP ON MACHINERY 6000
SO HERE BOOK VALUE IS USD 4,000/-
CASH ON SALE OF MACHINERY -DR 2000
PROFIT OR LOSS ON SALE OF MACHINERY -DR 2000
ACCUMULATED DEP.ON MACHINERY -DR 6000
MACHINERY A/C -CR 10,000
1.
Mchinery A/C 10000
Bank/Cash A/C 10000
2.
Acc Depreciation 6000
Cash Received 2000
Loss on Sale 2000
Cost 10000