Loss on sale of Fixed Assets?......and SOFA statement

Loss on sale of Fixed Assets?......and SOFA...

Didn't find your answer?

Client (small charity)leased premises, installed new floor there, as well as fixtures & fittings.

Client then leaves premises (and leaves all these assets at the premises)

Should this be regarded as sale of FA for zero, and loss included in the Statement of Finacial Activities?

any thoughts appreciated
John

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