@burnsjm1988 wrote:
Yes, put to the trash. I have made them inactive but they still show up on the BS.
You have to make an entry to get them off the balance sheet, set the accounts to active
create an income account called gain/loss on assets
journal entries (in the memo block of each, enter something like "asset disposed of in trash"
debit gain/loss for the value in the accumulated depreciation account, credit gain/loss
debit gain/loss, credit the fixed asset account for the value in that account
then you can make the zero balance fixed asset and accumulated depreciation accounts inactive
gain/loss should show a zero balance if cost was fully depreciated
