Would loss on sale of equipment be an expense on the income statement? - equipment for sale in ontario.com
Yes, a loss on the sale of equipment would be an expense in the profit and loss account.
However, if you talk about theft of stocks of goods (as in a supermarket), is the lack of CMV.
If you know how to send a loss on the sale of equipment in the statement of cash flows, please e-mail.
Friday, February 5, 2010
Equipment For Sale In Ontario.com Would Loss On Sale Of Equipment Be An Expense On The Income Statement?
1 comment:
In the financial reports or tax? It makes a difference. If for tax purposes, what kind of tax on individuals, businesses, clubs, etc. ..?
What do you mean by "hardware sales"? Elimination of an asset or loss on the sale of inventory item? Was it appropriate, the depreciation of assets over the years? S it is a "central issue" / assets (used in business), and we talk about taxes can be classified as capital gain or loss, in other cases, might appear as income or expenditure.
You do not have an accountant can help you? Depending on how his own question, it seems he or preparation of tax accounting is not his "daily work"!
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