In some instances, a depreciable asset is sold for a value greater than the written down value and less than it's original cost. It will be necessary to reflect the recoupment of depreciation as income.

In the case of an individual who has made depreciation claims for their vehicle or for other work-related expenses, please read through the following information.

Disposing of a depreciating asset
Disposal of a Work Related Car
24 Other income 2019