rayc325
Level 2
12-07-2019
12:45 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I want to remove scrapped assets from depreciation schedule and have the balance sheet updated automatically with out generating a 4797. If I enter none as sale price a form is generated.
Best Answer Click here
Labels
George4Tacks
Level 15
12-07-2019
12:45 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
To remove fully depreciated, simply put in a sale date, NOT a sales price. This will likely not update the balance sheet, but it does clean up the depreciation report.
Here's wishing you many Happy Returns
Short-timer
Level 2
03-11-2020
05:17 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
George, How do you propose getting the balance sheet in order then?
sjrcpa
Level 15
03-11-2020
06:10 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Aren't you working from a trial balance that balances?
Ex-AllStar
