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[Credit] Asset xxxx
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∙ 10y ago
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Is depreciation a credit or debit entry?
"Depreciation Expense" is a Debit entry and the counter entry is "accumulated depreciation" on an asset which is a credit entry. Depreciation - DR. Amount X Acc. Depreciation - CR. Amount X
What is the entry for accumulated depreciation?
Debit depreciation accountCredit accumulated depreciation
What is the journal entry accumulated depreciation?
[Debit] Depreciation account [Credit] Accumulated depreciation
What is entry for depreciation?
[Debit] Depreciation expense[credit] fixed asset.
What is journal entry for depreciation?
[Debit] Depreciation account [Credit] Asset account
What is the journal entry for depreciation expense?
Debit depreciation expenseCredit fixed asset
How do you record depreciation in a journal entry?
[Debit] Depreciation Account [Credit] Assets Account
The adjusting entry to record depreciation of equipment is?
DR. Depreciation Expense XX Cr. Accumulated Depreciation - Equipment XX
How do you double entry on depreciation?
DR. DEPRECIATION EXPENSE X CR. ASSET X At the end of the year Depreciation is charged to the Income Statement.
The journal entry to record depreciation expense consists of a credit to Accumulated Depreciation and a debit to the asset being depreciated?
Debit is to depreciation expense.
What is the journal entry for depreciation?
debit depreciationcredit cash
Accounting entry for capitalization of inventory as fixed assets?
Debit Depreciation Expense Credit Accumulated Depreciation
