Loss on disposal of a Van - is taxable?
pinoyLiz
Registered Posts: 92 Regular contributor ⭐
I need enlightenment, how do you treat the loss on disposal of a fixed asset for taxable purposes? Thank youu so much.
Regards,
L
Regards,
L
0
Comments
-
It is treated in the same way as depreciation - it is added back to profit.
Kind regards
Steve0 -
Thanks Steve
Thank you Steve0
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