Need step by step help with recording the sale of a fixed asset

@Brandy83 

Has this asset been fully depreciated?  If not, make sure you update the depreciation up until the day of the sale.  I would recommend checking with your CPA, but here is a journal entry to record the sale assuming there was no outstanding liability (loan) that was paid off and you sold it for cash:

Depreciation does not apply to this item. Do I make a deposit of the cash as normal? In the journal entries, what accounts do I use? I understand the debit/credit scenario, just don't understand the accounts that should accompany the debit/credit. 

Account                                                                     Debit                                            Credit

Cash -   The account it was deposited into?

Fixed Asset - storage building?

Gain/Loss - Account it was deposited into?