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FREQUENTLY ASKED QUESTIONS Mail to


How to record profits and/or losses of fixed assets?
 
Profits and losses on the sale of fixed assets are not taken into account any more from 2006 accounting year onwards. The new rule is the following:
At the time of sale, the depreciation should be calculated for the period of time during which the asset was still on the holding. The selling price is to be recorded in table G, column 6 - Sales, the closing valuation is 0.



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