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How to Adjust Journal Entries for Gains on the Sale of a Depreciated Asset
Some assets steadily lose value as you use them, decreasing until the day you dispose of them, usually with a write-off in the form of a journal entry assigning the total value of the asset as depreciation expense. In some cases, though, you may realize... More »
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How do I record the disposal of assets? - Questions & Answers ...

www.accountingtools.com/questions-and-answers/how-do-i-record-the-disposal-of-assets.html

Feb 17, 2013 ... An asset disposal may require the recording of a gain or loss on the ... is fully depreciated, ABC gives it away, and records the following entry.

Fixed Asset Disposal Accounting - AccountingTools

www.accountingtools.com/fixed-asset-disposal-accountin

How to account for the gain or loss on a fixed asset disposal | Calculation | Formula ... If the asset is fully depreciated, then that is the extent of your entry.

What entry is made when selling a fixed asset? | AccountingCoach

www.accountingcoach.com/blog/asset-disposal-entry

When a fixed asset or plant asset is sold, the asset's depreciation expense must be ... received is recorded, and 3) any difference is reported as a gain or loss. ... will credit Accumulated Depreciation for $400 in order to record the depreciation  ...

gain on sale of asset – Accounting In Focus

accountinginfocus.com/tag/gain-on-sale-of-asset/

Typically, when we think of long-term assets, we think of buildings, land and ... If we were writing a journal entry to record depreciation, we would debit ...

What is the entry to remove equipment that is sold before it is fully ...

www.accountingcoach.com/blog/entry-to-remove-equipment

... is sold for cash before it is fully depreciated, there will be two journal entries: The ... credit to Accumulated Depreciation to record the depreciation right up to the date of the ... If a credit amount is needed, it is a gain on the disposal. If the equipment is traded-in or exchanged for another asset, the second journal entry ...

How to Record Closing Entries on the Sale of a Capital Asset | The ...

thefinancebase.com/record-closing-entries-sale-capital-asset-2736.html

In the process, you create a separate account -- the "Gain/Loss on Sale of Asset" ... Make a journal entry to account for the asset's "Accumulated Depreciation" up ...

How do I enter a transaction for the sale of a fixed asset when ...

community.intuit.com/questions/834301-how-do-i-enter-a-transaction-for-the-sale-of-a-fixed-asset-when-i-created-on-invoice-for-the-purchase-price

If this were a cash sale I know I would debit Cash, Depreciation and Loss, and ... 2. create an income account called gain loss on asset sale. 3. journal entries ... The following is how I have set things up in quickbooks and how I am paying for ...

How do I recording a loss on sale of asset? - QuickBooks Learn ...

community.intuit.com/questions/1202760-how-do-i-recording-a-loss-on-sale-of-asset

set up an income account called gain/loss on asset sale edit the deposit and ... then a journal entry to clear accumulated depreciation. debit accumulated ...

How to Record a Journal Entry for a Sale of Business Property ...

smallbusiness.chron.com/record-journal-entry-sale-business-property-42433.html

You also record the gain or loss you realized from the sale, which equals the ... Debit the accumulated depreciation account in the same journal entry by the amount ... Credit the appropriate asset account for the type of property you sold by the ...