2013 Section 179 Expense

LeahWells Posts: 1, Reputation: 1

New Member

Jan 22, 2014, 07:31 AM

2013 Section 179 Expense

In 2013, we bought 2 new trucks which we are going to 179 expense right away.
The general ledger entries I made are as follows:

DR Asset
CR Bank

DR Depreciation
CR Accumulated Depreciation

This is correct, right?

Thanks,
Leah

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