Discussion:Sales & Repos of Corp assets
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Discussion Forum Index --> Accounting Questions --> Sales & Repos of Corp assets
| 12 May 2008 | |
| Having a problem with accounting for sales and repos of assets in Quickbooks. Client took a big loss
on some of this equipment. How would you journal entry this stuff? | |
RoyDaleOne (talk|edits) said: | 12 May 2008 |
| Credit Equipment
Debit Accumulated Depreciation Debit Loss on Disposal or Basis of Assets Disposed (Sold) | |
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