Niki
Level 1

Employees and payroll

Did you ever get an answer to this? I too have an asset, a vehicle in which the insurance gave a 90% return on. I am trying to figure out if I can just post the deposit to the asset. There will still be a small balance, I am assuming this is what the CPA will mark as a loss and adjust the depreciation? If anyone knows, please feel free to reply with a simple answer .