Odoo 10 Implementation Cookbook

Scrap or resell the asset

An asset can be scrapped at the end of its life, or it can be resold before the end of its life. We can mark an asset as scrapped or sold by clicking on the SELL OR DISPOSE button. Clicking on the button will create a depreciation accounting entry for the residual amount, as shown in the following screenshot:

The residual value is the value of assets as per the books of account. It can be sold either at a higher or lower price than the residual value. If we succeed with selling at a higher price, we may gain a profit, or, if we sold at a lower price than the residual value, we may incur a loss. Let's assume that we ...