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    desperatlyneedh's Avatar
    desperatlyneedh Posts: 2, Reputation: 1
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    #1

    Aug 8, 2012, 11:29 AM
    Depreciation
    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).
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Aug 8, 2012, 12:50 PM
    Debit Depreciation Expense
    Credit Accumulated Depreciation
    desperatlyneedh's Avatar
    desperatlyneedh Posts: 2, Reputation: 1
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    #3

    Aug 8, 2012, 01:36 PM
    Thanks pready. Is there anyway I can contact you over email?
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