Log in

View Full Version : How to record depreciation in general journal


jane82
Nov 2, 2011, 03:08 PM
12/15/2008 sold the old truck brought into business on 1/1/08 for $2000.provided $3000 depreciation for the year 2008 on the old truck sold before recording sale.

pready
Nov 3, 2011, 06:36 PM
Debit Depreciation Expense for the amount of depreciation
Credit Accumulated Depreciation - Truck for the amount of depreciation