Non-Profit
Asset Write-Off — Fully Depreciated
Removing a fully depreciated computer or printer that is no longer in use.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Accumulated Depreciation (Equipment) | Contra-Asset (-) | 1,200.00 | - |
| Office Equipment (Cost) | Asset (-) | - | 1,200.00 |
💡 Accountant's Note
When an asset is fully depreciated and disposed of, both the cost and accumulated depreciation are removed. No gain or loss arises if the asset has zero book value.
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