 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
When you purchase an asset you record it at the cost of the Asset. On the balance sheet the Asset will be listed at cost then there will be another account beneath it that is Less: Accoumulated Depreciation. The cost of the asset less Accumulated Depreciation equals the remaining book value of the asset. |
||||
| Question Tools | Search this Question |
Add your answer here.
Check out some similar questions!
I have accumulated depreciation and depreciation expense. Do they go together on the Asset side of the balance sheet? My balance sheet is not balancing! The accumulated depreciation is subtracted from the assets on my balance sheet. If I add the depreciation expense to the assets, my balance...
Depreciation Expense and Accumulated Depreciation are classified,respectively, as: a. expense, contra asset b. asset, contra liability c. revenues, asset d. contra assest, expense I think it is A
What is theprocess of creating a journal entry for depreciation
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!
Depreciation Expense and Accumulated Depreciation are classified, respectively, as
View more questions Search
|
