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What is the accounting entry when depreciated asset is sold for loss..?

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Question ajoutée par Jishad Kk , ACCOUNTANT , SPINNEYS
Date de publication: 2015/12/22
Ma. Kristy May Falogme
par Ma. Kristy May Falogme , Internal Auditor , Citimart Group of Companies

If fixed asset is sold, the asset's depreciation expense must be recorded up to the date of the sale. the asset's cost and and its accumulated depreciation is removed and the amount received is recorded. Any difference is reported as a gain or loss. :)

abdulaziz khorshid
par abdulaziz khorshid , CREDIT MANAGER , RASHED ABDUL RAHMAN ALRASHED

i agree with this answer >>>>>