I would like to know how to record the sale of all assets when the business is sold but we want to keep all the history. The assets were sold at a fair market value so is there a way to keep the history but revalue the assets?
Hello Ann,
When doing a revaluation to fair market value is usually how the asset would be entered into the new company to continue their depreciation, not how they are disposed of in the current company…
Hello Ann,
The thing is, you are talking about two mutually exclusive processes because it is two different types of calculations involved. First you have the disposal calculation, done in the program…
Hi Ann,
Here's another option. It's hard to give a precise answer because the nature of the sale and revaluation, and thus your needs, can vary. Some customers prefer to keep the assets in the original…
