Hello,

I need advice on how to handle a situation related to fixed assets in Odoo 18. 

Below is the scenario:

1. Asset Purchase:
   • We bought a vehicle using the Accounting module so that it does not impact our inventory.
   • We created a bill for the vehicle from the Accounting > Vendors > Bills.
   • We selected the vehicle fixed asset account for the purchase.
   • Upon confirming the bill, a fixed asset was automatically created.
     
     
2. Asset Details:
   • Acquisition Date: 01/01/2024
   • Original Price: USD 100,000
   • Book Value: USD 100,000
   • Prorata Date: 01/02/2024
   • Depreciation Method: Straight Line
   • Duration: 5 years
   • Depreciation for 2024: USD 18,333.33
     
     
3. Sale of the Asset:
   • We plan to sell the vehicle on 14/03/2025 for USD 45,000.
   • The vehicle will be sold at a loss.

Question:

We are unsure how to record the accounting entry for the loss on the sale of this asset. Specifically, We need some help:

• How to properly account for the sale price (USD 45,000).
• How to handle the depreciation that has been recorded until the sale date.
• How to record the loss (if any) on the sale in Odoo.

Does anyone has a step by step explanation with the necessary journal entries or any specific configurations we should be aware of.

Thank you in advance.