08030
Revenue generated when a fixed asset is sold or traded in and the sale/trade-in value is greater than the asset's Net Book Value (adjusted historical cost less accumulated depreciation). See also accounts 28721 - Loss on Disposal of Asset, for loss on disposal of non-capitalized assets or 42001 - Loss on Disposal of Fixed Asset, for loss on disposal of capitalized assets.
Code - Name:
08030-Gain on Disposal of Fixed Asset
Data Entry Status:
Y (Yes)
Level:
Level 2
Last Imported Date:
Thursday, December 14, 2017
Account Type Code:
57
Label:
Gain on Disposal of Fixed Asset