To know the exact amount of profit or loss made on the sale of a fixed asset, difference between the net sales value (sales price minus selling expenses) and book value of the asset is calculated. So while doing accounting the selling expenses incurred on selling the fixed asset are debited to the asset account. Practically it amounts to reducing the sales value. This is so because sales value is credited to the asset account. If sales expenses are debited to the asset account, it amounts to a deduction from sales value.