When the enterprise sells scrap fixed assets, etc., generally through the fixed asset cleanup account accounting
Borrow: fixed asset cleanup
Accumulated depreciation (according to the accumulated depreciation has been accrued)
Fixed asset impairment provision (if there is no, do not care)
Credit: fixed assets (according to the original account of accumulated depreciation)
The fixed asset impairment provision (if there is no, do not care) )
Credit: Fixed Assets (based on original book balance)
When liquidation costs or taxes are incurred
Debit: Fixed Assets Liquidation
Credit: Bank Deposits
Taxes Payable
Treatment of Sale Proceeds:
Debit: Bank Deposits
Credit: Fixed Assets Liquidation
Finally Carry forward the net profit and loss
You should make a profit because you have depreciated it and the proceeds are greater than your expenses
Borrow: Fixed Asset Liquidation
Credit: Non-Operating Income