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February 23, 2022
Question

Fix asset fully refund

  • February 23, 2022
  • 1 reply
  • 1 view

We received fully refund for a fix asset that has been partially depreciated. What is the right journal entry to post? Can someone help?

1 reply

Tori B
QuickBooks Team
February 23, 2022

Hey there, @Xiaojing.

 

Thanks for taking the time to reach out to the QuickBooks Community. I hope you're enjoying the day so far. 

 

For this one, I recommend consulting with your certified accountant. Your accountant will know the best practices to use based on your business needs. If you don't have an accountant, don't sweat. You can find one here in our Resource Center

 

Please let me know if you have any questions or concerns. I'm always around to lend a hand. Take care!