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en.wikipedia.org/wiki/Write-off

A write-off is a reduction of the recognized value of something. In accounting, this is a recognition of the reduced or zero value of an asset. ... One example is when Rupert Murdoch's News Corp bought Wall Street Journal publisher Dow Jones at a 60% premium in 2007, ... Amortization · Depreciation · Depletion · Charge-off ...

en.wikipedia.org/wiki/Depreciation

In accountancy, depreciation refers to two aspects of the same concept: The decrease in value ... Depreciation is a method of reallocating the cost of a tangible asset over its useful life span of it being in motion. Businesses ..... Some systems permit full deduction of the cost, at least in part, in the year the assets are acquired.

smallbusiness.chron.com/deduct-charitable-contribution-depreciated-assets-67421.html

Donating business assets to charity may allow you to take a charitable contribution deduction. When the assets have been depreciated over the years, however, ...

simplestudies.com/accounting-for-donated-fixed-assets.html

Mar 8, 2013 ... Fixed asset donations are rare when one talks about for-profit ... value of $200,000 ($400,000 historical cost - $200,000 accumulated depreciation). ... building, Private-Donor Company would make the following journal entry: ...

www.accountantforums.com/threads/journal-entries-for-donations.6337

write a journal entry for a donation that has NO market value and has been entirely depreciated? ... same for a fully depreciated asset). If it's for ...

www.aplos.com/blog/p/1564/fund-accounting/disposal-fixed-asset/index.html

Aug 7, 2012 ... This blog shows you the journal entry to dispose of a fixed asset with ... that asset has outlived its usefulness, how do you get the asset off your books? It's important to track the asset and the method of disposal (sold, donated, thrown away). ... This may happens when the asset is not fully depreciated and no ...

accounting-operations.finance.toolbox.com/groups/practice-procedure/general-ledger/je-question-on-noncash-donation-fmv-nbv-2955666

Aug 26, 2009 ... The looks more like a write off JE but I forget how to to the donation JE. ... 7500 and vehicle balance is 8000, in that scenario, journal entry will be: acc. dep. dr. ... The vehicle is fully depreciated by 6/30. ... ***As u already depreciated the asset upto 8000 and vehicle has zero depreciated value, u can revised ...

www.accountingcoach.com/blog/fully-depreciated-assets

There will be no depreciation expense recorded after the asset is fully depreciated. No entry is required until the asset is disposed of through retirement, sale, ...

www.accountingtools.com/articles/2017/5/17/fixed-asset-disposal-accounting

May 17, 2017 ... If the asset is fully depreciated, then that is the extent of your entry. ... is to write off a fixed asset that has not yet been completely depreciated.

accountants-community.intuit.com/questions/696558-fully-depreciated-vehicle-donated-by-scorp-to-charity-charity-sold-the-vehicle-within-1-month-can-scorp-deduct-the-sales-price-as-a-charitable-contribution

If the basis is zero, then the value of the deduction is zero. ... A fully depreciated vehicle was donated by SCorp to charity - charity sold the vehicle within 1 month - can ... report gain on fully depreciated asset given to charity.