Need help on selling a fixed asset
I'm fairly new to QB and haven't done my own bookkeeping in over 20 years, so please consider me a newbie. I did search previous answers but couldn't find what I was looking for.
My company owned an aircraft, which was sold in 2017. I have not made any entries yet regarding the sale. I have a fixed asset account and accumulated depreciation account that only have the aircraft value and depreciation in them. I have been paid for the aircraft, and I have collected the GST from the sale, but again, I have not made any entries surrounding the sale of this fixed asset.
What I'm trying to figure out is how to show the sale in QB's, including the GST. Should I create an invoice? The sale was brokered, and I was paid by the brokerage firm. Should the invoice be made out to the brokerage firm, or to the actual purchaser? Other than a deposit of the money, what other transactions do I need to make to remove the aircraft from my books?
By the way, there was a very small gain in asset value from the sale.
Any help is very much appreciated.