That depends on what you sell. Sales of used motor vehicles, motorcycles and yachts will be subject to VAT at the rate of 4%. In addition, if the fixed assets sold meet the following three conditions, they are tax-free and can be invoiced without the approval of the tax authorities.

(1) Goods listed in the Catalogue of Fixed Assets of Enterprises;

(2) Goods managed and actually used by enterprises according to fixed assets;

(3) Goods whose selling price does not exceed their original value.

1. Write off the original book value and the depreciated fixed assets.

Debit: liquidation of fixed assets

accumulated depreciation

Credit: Fixed Assets String 7

Step 2 pay the cleaning fee

Debit: liquidation of fixed assets

Loan: bank deposit/cash

3. Receive the sales price

Debit: bank deposit/cash

Loans; Liquidation of fixed assets

Step 4 Carry-over income

Debit: liquidation of fixed assets

Loan: non-operating income-income from disposal of fixed assets.

Carry-over loss

Borrow: non-operating expenses-dealing with the loss of fixed assets

Loan: liquidation of fixed assets