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What is the right procedure to write off equipment in assets management ?

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تم إضافة السؤال من قبل Mohammed Fathe Shaheem , Operation Executive , Arabian Construction Company
تاريخ النشر: 2015/02/14
Alexei Petrov
من قبل Alexei Petrov , Managing Partner, Board Member , Slavutich Capital / Slavutich Real Estate

Either depreciate it to zero, or write off in case of damage or loss, thus reducing your assets, whch should be matched by reduction of your liabilities and equity.

Sonny Oro
من قبل Sonny Oro , Storekeeper , Emaar Properties PJSC

Any Equipment for disposal should have an approved documents by the concered personnel / managers and accounts to writing it off.

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