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View Full Version : Sale of fully depreciated asset


hmj
Oct 8, 2009, 03:27 PM
How do I account for the sale of an asset fully depreciate in the previous accounting year - i.e. no longer on asset register?

ROLCAM
Oct 9, 2009, 02:58 AM
Include the proceeds of the sold asset as
Miscellaneous Income in the Profit and Loss
Account.