Hi,
I do know how to process the journal for when property is sold:
Cr - Fixed Asset
Dr - Accumulated Depreciation
Dr - Cash
How does one the clear the fair asset value adjustment, as it has increased due to the property.
Thanks,
Hi,
I do know how to process the journal for when property is sold:
Cr - Fixed Asset
Dr - Accumulated Depreciation
Dr - Cash
How does one the clear the fair asset value adjustment, as it has increased due to the property.
Thanks,
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