SELL OF DEPRECIATED VEHICLE
How do i record an entry for a sell of a fully depreciated vehicle.
I will also need an invoice for this sell of vehicle to provide to the buyer of the vehicle
Forum Discussion
Hi PRIYAPINDORIYA,
When you buy or sell a depreciated asset, you’ll usually set up a separate account to track the depreciation. Still, the exact accounts can differ, so it’s best to check with your accountant or financial adviser about where those amounts should go, and keep everything tidy and compliant.
Regards,
Genreve
