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    Kathy Hadley's Avatar
    Kathy Hadley Posts: 1, Reputation: 1
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    #1

    Apr 11, 2007, 06:29 AM
    How do I book the sale of an asset
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    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)
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