Question

give journal entry of loss on the sale of asset in depreciation​

Answer 1

Explanation:

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Answer 2

Answer:

Loss on sale. Debit cash for the amount received, debit all accumulated depreciation, debit the loss on sale of asset account, and credit the fixed asset. ... Debit cash for the amount received, debit all accumulated depreciation, credit the fixed asset, and credit the gain on sale of asset account.