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How do I list the sale of a musical instrument that has been depreciated? I sold it for $11,500. I bought it for $12,900. I think it has been fully depreciated.
I bought the harp in 2009 for $12,900. My depreciation schedule says CUR. 179/SDA is $12,900. Does that mean I fully depreciated it? So how do I list the sale of the harp for $11,500? Is that a loss? Or if it is depreciated, does that mean it's a gain? Help!!
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‎June 4, 2019
5:18 PM