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record replacement of Fixed Asset item and it's expense
I have Quickbooks Desktop Pro Plus. Just purchased a replacement computer. Already have a fixed asset account with our computers and a depreciation account. Can't remember how to record the purchase using our credit card as well as update fixed asset account properly. I think a journal entry is necessary to get the value in the fixed asset account and also account for the expense of buying the computer. Not sure how to handle. Hope I've made sense.
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