Tag Archives: vehicle

Post Vehicle Purchase with Trade-In & Gain

This article addresses how to post a new business vehicle purchase that includes a trade-in of the old business vehicle and income gain from the disposal of this old vehicle. So, let’s get right to it. The scenario is: You purchased a new business vehicle at the dealership for $37,500 and traded in the old

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Posting a Vehicle Fixed Asset Sale

This article deals with posting a business vehicle fixed asset sale in your books.   Let’s assume the following items:   There were no liens on your business vehicle. This was entirely a cash sale. There are no trade-ins involved.   Before proceeding in your books, you will need to realize the following:   You

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