Remove an asset

@LM176 

If you don't have accumulated depreciation in QB then you need to ask your tax accountant what entry to make because you can't accurately remove the asset without creating another improper entry.  Are you sure your tax accountant doesn't make a depreciation expense/accumulated depreciation entry in QB?  That would be extremely odd especially if you have significant depreciable assets.  All it takes is a simple two line journal entry at month/year-end based on the depreciation schedules.  It's very easy.  More importantly, if you don't use accumulated depreciation then you also don't have a depreciation expense in QB because the two are inseparable from an accounting perspective.  The journal entry to remove an asset is a credit to the asset account for original cost but you need to have offsetting debits that are made up of the accumulated depreciation, loss/gain(credit) and others accounts depending on why the asset is being removed.  Sale?  Disposal?  Other?