Series 2, Episode 3 – Non-current Assets – Acquisitions, Disposals, and Part Exchange

In this episode of Debit, Credit, Done!, we walk through the full life cycle of non-current assets — from acquisition and capital expenditure, through to disposal and part exchange.Host Dean Quartermaine breaks down how to post detailed disposal entries using the disposals account, and explains exactly how to handle a part exchange — a common yet misunderstood area in AAT exams.Includes step-by-step worked examples, journal entries, and a challenge task to test your understanding.🎧 Perfect for AAT Level 3 learners preparing for the Financial Statements exam — and anyone who wants real-world clarity on fixed asset transactions.💡 Topics covered:Capital vs revenue expenditureDisposal entries (cost, depreciation, proceeds, profit/loss)Part exchange explainedWorked examples with disposal account journals🔁 Don’t miss this one — especially if depreciation has ever confused you!✅ Listen now and get confident with disposals before we tackle depreciation in Episode 4.