Selling or discarding an asset of the fixed assets

Babel fixed assets management Program

Selling or discarding the asset; This means selling the fixed asset or transferring it or discarding it for any reason such as car withdrawal to work for the owner family or scraping it, accounting deals with this through closing the dwindling of the asset and registering differences between sale and the documentary value of the asset either profit or loss of the selling process.

Selling or discarding fixed asset

Accounting guidance to sell a fixed asset with a profit

10 Accounting Cases You Encounter With Fixed Assets