0
debit depreciation
credit cash
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What is the journal entry accumulated depreciation?
[Debit] Depreciation account [Credit] Accumulated depreciation
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
What is the journal entry for depriciation?
Debit depreciation expenseCredit asset account
What is the journal entry accumulated depreciation?
[Debit] Depreciation account [Credit] Accumulated depreciation
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
What is the journal entry for depriciation?
Debit depreciation expenseCredit asset account
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 to depreciate an auto?
Journal Entry for an Auto Depreciation is as follows: [Debit] Depreciation Expense xxxx [Credit] Auto Asset xxxx Another way is as follows: 1 - [Debit] Depreciation Expense xxxx [Credit] Accum. Depreciation xxxx 2 - [Debit] Accum. Depreciation xxxx [Credit] Auto Asset xxxx
How to add depreciation to asset in quickbookS?
Journal entry is required for depreciation in quickbooks as well as FAS for peachtree also can be used to automatically record depreciation entries
What is the impact of missing a depreciation journal entry o a financial statement?
Missing depreciation will increase the profit while reduce the expenses in the year in which depreciation is missing.
Journal entry for amortization of leasehold improvement?
Debit depreciation expensesCredit leasehold improvement
Is a journal entry required when switching from straight line to sum-of-the-years'-digit?
Yes journal entry to adjust the depreciation charge is required while shifting from one method to another method.
Why you made depreciation schedule?
First up all depreciation shedule is prepared as per statutory requirement. Secondly with reference to the depreciation shedule journal entry has to be passed by debiting the depreciation account and crediting the concerned fixed assets account.
