Juan foods purchases a computer in 2005 for 20K with expected useful life of 5 years. At the end of 2005 it has to record depreciation of 2000 for the computer. What is the correct way to record the depreciation in the journal entry (debit/credit etc).

Debit Depreciation Expense
Credit Accumulated Depreciation

Thanks pready. Is there anyway I can contact you over email?