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Is a discontinued tool considered a sale of business property

 
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Is a discontinued tool considered a sale of business property

No, it isn't.

Unless you received money for it, it's not a sale.

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6 Replies

Is a discontinued tool considered a sale of business property

how much was the tool?

Is a discontinued tool considered a sale of business property

$3661 Diving helmet shell and yoke replacement

Is a discontinued tool considered a sale of business property

No, it isn't.

Unless you received money for it, it's not a sale.

Is a discontinued tool considered a sale of business property

thank you, no it has been discarded for liability reasons

Is a discontinued tool considered a sale of business property

now I must delete the  _$3600 from sales of business property

Is a discontinued tool considered a sale of business property

yes, delete it. Add your tools as an expense.
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