Forum Discussion

Ravinder's avatar
Ravinder
Experienced User
2 years ago

how to record sale of fully depreciated assets

Hi   I purchased a Van for the amount of $9000 in January 2021 and depreciated it as an instant asset write-off ($9000). The Van was registered in the company name. Now I have sold the Van to some...
Tracey_H's avatar
Tracey_H
Former Staff
2 years ago

Hi Ravinder 

 

Thanks for your post. As we're not accountants we're not permitted to advise on how this transaction needs to be recorded. You will need to check this with your accountant.

 

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