Gain/loss for asset retirements
Hello,
1. I have retired an asset.
2 Run the gain/loss program
3. Queried the asset and viewed the gain/loss
4. Run Depreciation
5. Create Accounting
The Asset Book setup is as follows-
The Following is the retirement journals in GL
There is a gain of 85000. Where do I see the journal entries for the gain of 85000? Does the difference of 85000 goes to retained earnings account? Or can we only see the gain in the asset workbench in FA?
Thanks for the replies