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General Accounting Discussions: selling a company car

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    • CommentAuthorbksales
    • CommentTimeNov 24th 2007
     
    we are a california limited liability company. we have a company car that we have been depreciating. we now want to sell it to one of the owners. how do we account for this sale?
    Thankful People: yasser_hameed2004
    • CommentAuthorneo
    • CommentTimeNov 24th 2007
     
    How much is the net book value of the car and how much would you like to sell it to one of the owners?
    Thankful People: mohd_sheri

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