Accounting Question | Reselling Old Equipment?

[Robert Heller]

At Sun, 2 Jul 2017 17:13:21 -0700 (PDT) aegross <aegross at gmail.com> wrote:

> 
> This is more of an intellectual curiousity for me than a serious matter.  In
> proper double accounting, when selling an old asset, in this case an old
> mobile phone (hence this is a small matter), proper accounting would say the
> proceeds should go into an income account correct? 

I would guess yes, since it would be a capital gain (or loss).  I would expect 
selling an asset is selling an assest, whether it is a house or a screw.  

> 
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