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-   -   Lost on sale of fixed asset (https://www.askmehelpdesk.com/showthread.php?t=399843)

  • Sep 25, 2009, 02:04 PM
    Elbilli
    Lost on sale of fixed asset
    If I have a lost on sale of fixed asset how do I categorize this on profit and loss statement. Other expenses?
  • Sep 25, 2009, 02:54 PM
    pready

    The loss will be in the other gains and losses section of the Income Statement.

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