calculate and enter full or partial year depreciation depending on the date of sale

create an income account called Gain/Loss on asset sales

journal entry

debit gain/loss for the full amount in the car asset account
credit the car asset account for the same amount

debit car accumulated depreciation for the amount in that account
credit […]

Resolution for 'car asset account issue: 'What would be the correct way to enter a sale of a company vehicle that has not been fully depreciated? Asset Value – $61,290, Accm Depr – $17,535, Cash – $4,000' available: Yes.

The car asset account 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 car asset account issue yourself by looking for a resolution described in the article. If it is a complex car asset account issue or you are unable to solve the issue, you may contact us by clicking here or by using other car asset account support options.

For more information about resolving issues related to car asset account in Quickbooks/QBO or to get support for the issue 'What would be the correct way to enter a sale of a company vehicle that has not been fully depreciated? Asset Value – $61,290, Accm Depr – $17,535, Cash – $4,000', click the link below: