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    Sparkysch's Avatar
    Sparkysch Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Jun 26, 2008, 12:54 AM
    Computer theft
    My work laptop was stolen, the insurance paid out, how do I record this in my books?
    Criado's Avatar
    Criado Posts: 142, Reputation: 15
    Junior Member
    		  
    #2

    Jun 28, 2008, 11:08 AM
    Debit. Accumulated Depreciation
    Debit Loss Due to Theft (net of Insurance coverage)
    Credit. Computer
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