How do you post a journal entry for sale of a vehicle with depreciation?

1 answer

Answer

1091887

2026-03-04 23:15

+ Follow

debit cash / bank
debit accumulated depreciation
debit loss on sale (if any)
credit asset
credit profit on sale (if any)

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.