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    jane82's Avatar
    jane82 Posts: 9, Reputation: 1
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    #1

    Nov 2, 2011, 03:08 PM
    How to record depreciation in general journal
    12/15/2008 sold the old truck brought into business on 1/1/08 for $2000.provided $3000 depreciation for the year 2008 on the old truck sold before recording sale.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Nov 3, 2011, 06:36 PM
    Debit Depreciation Expense for the amount of depreciation
    Credit Accumulated Depreciation - Truck for the amount of depreciation
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