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Assuming that the stolen company vehicle is not covered by an insurance.
Determine the remaining book value.
You don't record the depreciation but instead you have to write it off or simply record the remaining book value as loss. Then record the fixed asset account as credit.
The loss is treated like an expense account.
Wiki User
∙ 10y ago
Wiki User
∙ 9y agoDebit Stolen asset
Credit fixed asset
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