Hey everyone!
Our company is planning to sell a reliable, however well depreciated car that served us several years. The vehicle is already written off. Could someone please advise me , what is a correct way to book this operation?
Regards,
Jensen

Points: 10
  • hat auf diesen Beitrag geantwortet.
    5 Tage später

    Jensen
    Hi Jensen!

    I think it would be reasonable to book it as an extraordinary income, as the vehicle is already written off. However, I did not experience such sale personally, so it is only my assumption.

    Good luck!

    Walker

    Points: 5
    • haben auf diesen Beitrag geantwortet.
    • Jensen gefällt das
        8 Tage später

        Hey Jensen!

        I don't agree with Walker ! Such type of operation seems to be more as a profit from property, plant and equipment sales, instead of extraordinary income.

        Hope it helps!


        • hat auf diesen Beitrag geantwortet.
        • Jensen gefällt das
            5 Tage später

            Walker and Perry
            Thank you very much for your comments! I have also advised external accountant with your options and we have agreed on Walker's idea to be relevant in this situation.

            Points: 10
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