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    Elbilli's Avatar
    Elbilli Posts: 4, Reputation: 1
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    #1

    Sep 25, 2009, 02:04 PM
    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?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Sep 25, 2009, 02:54 PM

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