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How do I reflect selling/losing part of an asset that is depreciating over time?
I had had a dress rental business that we are closing. We put the dresses in as depreciating assets (as a lump asset). We sold a few of the dresses, donated some, and half of them were stolen (embezzled). How do I reflect that in the system? How do I remove just part of an asset that has been depreciating (we were using a 5 year depreciation and this is year 3). We anticipate selling or donating the rest this year.
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‎June 4, 2019
9:41 PM