Real Estate
Disposal of Investment Property — Gain
Recording the sale of an investment property for more than its carrying value.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / Bank | Asset (+) | 900,000.00 | - |
| Investment Property | Asset (-) | - | 750,000.00 |
| Gain on Disposal of Investment Property | Revenue (+) | - | 150,000.00 |
💡 Accountant's Note
Gains on disposal of investment property go to the income statement. The asset is removed at its last revalued carrying amount.
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