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pcorvin
Sep 2, 2007, 10:45 AM
When accumulated depreciation is posted; thus lowering the booked value of a property; what is the offsetting entry. What entry will make the accounts balance.

Thanks
CaptainForest
Sep 2, 2007, 02:34 PM
you would:
Dr. Depreciation Expense (an Income Statement account)
Cr. Accumulated Depreciation (a Balance Sheet account)