How to Journalize Fixed Asset Sales and Disposals
4:38
YouTubeAccounting with Audra
How to Journalize Fixed Asset Sales and Disposals
This short video provides basic accounting examples for journalizing the disposal of fixed assets and sale of fixed assets. Each type of transaction includes two scenarios for both fully depreciated as well as assets with residual value. Examples include journal entries and comparisons of impact on the income statement.
2.5K viewsFeb 24, 2021
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