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    bzzy06's Avatar
    bzzy06 Posts: 1, Reputation: 1
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    #1

    Feb 7, 2008, 08:43 AM
    Depreciation Journal entry
    When do you make a journal entry for depreciation? Do you set up an account for depreciation when you make the purchase of equipment, or do you wait to depreciate?

    Thanks!
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Mar 1, 2012, 12:49 PM
    Usually this is an adjusting entry at the end of an accounting period. Your journal entry will be:
    Debit Depreciation Expense for the amount of depreciation
    Credit Accumulated Depreciation for the amount of depreciation
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