Ask Me Help Desk
>
Business & Careers
>
Accounting
> Sale of fully depreciated asset
PDA
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.