Retail
Fully Depreciated Fixture Write-Off
Removing old display shelving from the books when it is replaced after its useful life.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Accumulated Depreciation (F&F) | Contra-Asset (-) | 15,000.00 | - |
| Furniture & Fixtures (Cost) | Asset (-) | - | 15,000.00 |
💡 Accountant's Note
When a fully depreciated asset is disposed of, both the cost and its accumulated depreciation are removed. No gain or loss arises since the net book value is zero.
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