adjusting entry for depreciation on equipment

kesalsa · #1 Sep 22, 2007, 07:41 PM

what account should entry for depreciation on equipment?

thanks,

Kygall · Sep 22, 2007, 09:24 PM

Quote:

Originally Posted by kesalsa

what account should entry for depreciation on equipment?

thanks,

A journal entry for depreciation would be;
Depreciation expense xxx (debit)
Accumulated depreciation xxx (credit)
(of course, the amount would be what was given)



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