ivory5130
Jul 5, 2007, 08:45 PM
When journalizing after a company just purchases a piece of machinery, do you use accumulated depreciation or something else?:confused:
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ivory5130 Jul 5, 2007, 08:45 PM When journalizing after a company just purchases a piece of machinery, do you use accumulated depreciation or something else?:confused: bhet Jul 6, 2007, 01:20 AM you always use accumulated depreciation account to allocte the cost of your machinery. maheshwari Jul 6, 2007, 10:01 AM When journalizing after a company just purchases a piece of machinery, do you use accumulated depreciation or something else?:confused: Yes as per accounting standard - 6 (Depreciation) it is complusory to provide Dep. , while the case of accumulated dep. depends and differs from company to company Copyright ©2005-, Ask Me Help Desk
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