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Kathy Hadley
Apr 11, 2007, 06:29 AM
How do I book the sale of an asset

CaptainForest
Apr 11, 2007, 03:13 PM
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)