What is the correct accounting entries on Sale ( disposal ) of partially depreciated fixed assets on Odoo 11 ?
Odoo 11 Assets Disposal makes the following journal by depreciating the remaining book value of the asset.
Depreciation Dr. $55,000
Remaining book value of asset Cr. $55.000
(B) Then instruction (From Odoo 11 documentation) suggest to do manual journal through customer invoice through sale app .
As : Accounts Receivable Dr. $50,000
Loss on Disposal Asset Dr. $5,000
Disposal Assets account Cr. $55,000
(c) However , I believe depreciating an amount forcibly is not correct accounting .
The automatic journal entry on clicking " Sale on Disposal " of asset should happens as follow:
Accounts Receivables Dr. $50,000
Lose on Disposal of assets Dr. $5,000
Remaining book Value of asset Cr. $55,000
And in case of Gain on Disposal , this code will be on credit side.
Suggest what is the correct approach and how to configure that in Odoo 11.