Education
Asset Write-Off — Fully Depreciated Classroom IT
Removing old computers from the asset register once fully depreciated and no longer in use.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Accumulated Depreciation (IT Equipment) | Contra-Asset (-) | 60,000.00 | - |
| IT Equipment (Cost) | Asset (-) | - | 60,000.00 |
💡 Accountant's Note
Fully depreciated assets are removed from the register by eliminating both the cost and accumulated depreciation. No gain or loss arises if the net book value is zero.
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