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How do you record depreciation in a journal entry?

Anonymous

∙ 11y ago

Updated: 9/24/2023

[Debit] Depreciation Account

[Credit] Assets Account

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∙ 11y ago

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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 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

What is the journal entry for depreciation?

debit depreciationcredit cash

Related Questions

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.

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 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

What is the journal entry for depreciation?

debit depreciationcredit cash

What is the journal entry for depriciation?

Debit depreciation expenseCredit asset account

Why you post journal entry?

Journal entry is the basic transaction to record the business transaction and without journal entry no record can be maintained.

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

What is the purpose of journal entry?

A journal records what you're findings are

You record the debit entry for transaction a 5 1 in the journal as?

You record he credit entry for transaction (a) 5/1 in the journal as

The adjusting entry to record depreciation of equipment is?

DR. Depreciation Expense XX Cr. Accumulated Depreciation - Equipment XX

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