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What is the journal entry to write off a fully depreciated asset that was donated? |
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Debit Accumulated Depreciation. Credit the appropriate Fixed Asset account for the originally capitalized amount. Note: Asset retired and donated.
First answer by BigMrSteve. Last edit by BigMrSteve. Contributor trust: 206 [recommend contributor]. Question popularity: 1 [recommend question]
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What is the journal entry to write-off of an asset? How do you record a journal entry for donated equipment?
