Assume that the disposal sale transaction occurred in a company that decided to sell a car, which is a fixed asset. This transaction of selling a fixed asset occurred through the free text invoice in accounts receivable. The posting profile of a disposal sale considers the following:
- Depreciation (prior years): The total depreciation of prior years will be reversed; the ledger account is the accumulated depreciation account, and the offset account is the fixed assets gain/loss account
- Depreciation (this year): The total depreciation of the current year will be reversed; the ledger account is the accumulated depreciation account, and the offset account is the fixed assets gain/loss account
- Acquisition value: The ...
