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-   -   Sale of an Asset (https://www.askmehelpdesk.com/showthread.php?t=81601)

  • Apr 11, 2007, 06:29 AM
    Kathy Hadley
    How do I book the sale of an asset
  • Apr 11, 2007, 03:13 PM
    CaptainForest
    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)

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