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Home > Business & Careers > Accounting   »   Sale of an Asset

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Old Apr 11, 2007, 05:29 AM
Kathy Hadley
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How do I book the sale of an asset

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Old Apr 11, 2007, 02:13 PM   #2  
CaptainForest
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Dr. Cash (or whatever you have received)
Cr. Asset

If there is any accumulated amortization, you will need to debit that as well.

The difference, is the gain (credit) or a loss (debit)
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