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Why wouldn't equipment end up in asset column in case of a sale? Equipment is a fixed asset so it'll just be a transfer of asset at book value with gain/loss re
by shripadk 8y ago
Why wouldn't equipment end up in asset column in case of a sale? Equipment is a fixed asset so it'll just be a transfer of asset at book value with gain/loss recorded in the sellers income statement.
EDIT: When you talk about "asset column" I'm assuming you mean the asset column in the books of accounts of the buyer.
- lotsofpulp 8y agoIt would, I was just assuming a good portion of a news agency's equipment isn't as valuable in re-sale like personal computers, office equipment, etc.