Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Sale of fully depreciated asset (https://www.askmehelpdesk.com/showthread.php?t=404033)

  • Oct 8, 2009, 03:27 PM
    hmj
    Sale of fully depreciated asset
    How do I account for the sale of an asset fully depreciate in the previous accounting year - i.e. no longer on asset register?
  • Oct 9, 2009, 02:58 AM
    ROLCAM

    Include the proceeds of the sold asset as
    Miscellaneous Income in the Profit and Loss
    Account.

  • All times are GMT -7. The time now is 03:37 AM.