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

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Question added by Mohammed Fathe Shaheem , Operation Executive , Arabian Construction Company
Date Posted: 2015/02/14
Alexei Petrov
by 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
by 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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