04 January 2017
If the assets are sold then u must have to compute depreciation from the date of acquisition of the asset upto the date of sale and then deduct it from the cost of the asset(s) purchased, now deduct the sales price from the remaining value to compute the profit or loss on sale of the asset, and post the entries accordingly.
If u just wanna write it off then just make the entry like depreciation(mention asset written off in place of depreciation).
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