QB Issue Resolution:
You will need to remove the asset and the accumulated depreciation from your books with a journal entry: you would debit the accumulated depreciation, credit the asset that was sold, debit the cash account (I am assuming you received cash) and finally credit you gain on sale of asset – this should be an other income account type. Since your book balance is at zero if fully depreciated the cash received would be a gain.
Resolution for Issue 'How do I show that I have sold a fixed asset? The asset that we sold has already been fully depreciated.' available: Yes (Solved).
Source: Intuit Community forum.
How do I show that I have sold a fixed asset? The asset that we sold has already been fully depreciated.: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.Support for How do I show that I have sold a fixed asset
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