Fixed Assets - EBS (MOSC)

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Accumulated depreciation is greater than the cost

edited Sep 12, 2014 5:05AM in Fixed Assets - EBS (MOSC) 8 commentsAnswered

I am trying to understand why the accumulated depreciation is greater than the cost when retiring an asset. Below is the run down of exactly what I did:

Units retired were 17, retirement type: sale, proceeds of sales: 26,500.45 -->Clicked continue --> Filled unit changed to -17--->Following that, I see that the accumulated depreciation is bigger than the cost. Then I checked account gain and loss sale equipment, and I don't understand why there is a debit in that account that is the same for the NBV of the asset.

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