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

    Nov 12, 2006, 10:07 AM
    Depreciation of fixed asset
    Which account is creditted when recording depreciation of a fixed asset?
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Nov 12, 2006, 05:27 PM
    Debit Depreciation Expense
    Credit Accumulated Depreciation

    Or….. you can use the word Amortization instead of Depreciation.
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