For my accounting class, how would I journalize the adjusting entry for Annual depreciation is $3,480 on the building with the building amounting to $76,000 on the trial balance for the month of May 31, 2012?
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For my accounting class, how would I journalize the adjusting entry for Annual depreciation is $3,480 on the building with the building amounting to $76,000 on the trial balance for the month of May 31, 2012?
You would Debit Depreciation Expense and Credit Accumulated Depreciation - Building for 3,480
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