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The tutorial discusses how to delete an old asset account with a balance in QuickBooks Online. The video creator mentions the importance of understanding the consequences, such as hidden transactions, before deleting accounts with balances. They recommend watching a related video for more in-depth information. To delete an account, navigate to the Chart of Accounts in QuickBooks Online and locate the account to be deleted. Click on the dropdown menu next to the account and select Delete. Follow the prompts to confirm the deletion.