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What do I debit/credit in journal entry for accumulated depreciation
Aligh
Oct 14, 2010, 12:02 PM
pready
Oct 14, 2010, 12:14 PM
To record depreciation the journal entry is:
Debit depreciation expense for the amount of depreciation
Credit Accumulated Depreciation for the amount.
Aligh
Oct 14, 2010, 12:32 PM
Thanks for your help