SALE EXTENDED 70% OFF QuickBooks for 3 months*   Ends 12/8

Buy now
cancel
Showing results forΒ 
Search instead forΒ 
Did you mean:Β 
Announcements
Simplify payday and set payroll to run automatically on QuickBooks. Explore QuickBooks Payroll

Reply to message

View discussion in a popup

Replying to:
Aluzardo
Level 2

How do I record the sale of a Fixed asset with a lost in value for quick books online

We purchased recording equipment in 2017 and sold it in 2020.

Purchased for $5500 and sold it for $4700 minus shipping expenses.

I have the recording equipment as a fixed asset, and I have created a depreciation account but never depreciated it. 

I do not know how to record the sale and the depreciation. 

Need to get in touch?

Contact us