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  • Sep 2, 2007, 10:45 AM
    pcorvin
    Depreciation of real property
    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
  • Sep 2, 2007, 02:34 PM
    CaptainForest
    You would:
    Dr. Depreciation Expense (an Income Statement account)
    Cr. Accumulated Depreciation (a Balance Sheet account)

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