Disposal of fixed asset

[Axel Essbaum]

On Feb 29, 2012, at 14:09, Mike or Penny Novack wrote:

> 
>> 
>> You haven't actually made any 'profit' as you didn't sell it for more than 800.00.
>> 
>> 
> Look, this is a perfect example why we should limit advice to "how to do using gnucash" (as opposed to any other method of keeping books) rather than what we should be doing. If this is business accounting, the rest has been already deducted as an expense in prior years so yes, the excess of sale price over remaining value is a profit, or more precisely, a capital gain.
> 

Ok, sorry, my bad for the non-Gnucash question.  Thanks everyone for the helpful input!

- Axel

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Axel Essbaum
axel at essbaum.com