Trading in a vehicle

Jun 06, 2009 3 Replies

I just traded in one transport truck for another, with one year left on loan..there was a buy out paid and then a lease for the new one



what is the best way to record this using qb 2009?



tia


How were you accounting for the first truck? What are the terms of the lease for the new truck. The question is a tax question and will be the same for any accounting system be it manual or computerized.

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