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Selling of inventory
Hi,
I am a photographer and I intend to sell one of my cameras. How would I go about booking this?
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Hi Nick
Well that depends on what price you paid for the camera when you bought it. If the price was higer then 24 300 kr then it should have been accounted for as an asset in your bookkeeping. If this is the case then you need to take into concideration how much depreciations that has been don on the assetand do a calculation if itäs sold with a profit or loss.
To be able to give you a correct answer i need som further information.
1. What was the purchaseprice
2. How much as been written off on the asset (The camera)
3. The price you intend to sell it for.
If you get back to me with this informationsi can help you with how to account for the sale.
Best regards
Joachim
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