"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
[Debit] Depreciation expense[credit] fixed asset.
[Debit] Depreciation account [Credit] Accumulated depreciation
[Debit] Depreciation account [Credit] Asset account
[Debit] Depreciation Account [Credit] Assets Account
Debit is to depreciation expense.
[Debit] Depreciation xxxx [Credit] Asset xxxx
[Debit] Depreciation expense[credit] fixed asset.
[Debit] Depreciation account [Credit] Accumulated depreciation
[Debit] Depreciation account [Credit] Asset account
[Debit] Depreciation Account [Credit] Assets Account
Debit is to depreciation expense.
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
Debit Depreciation Expense Credit Accumulated Depreciation
Accounting Entry: [Debit]Cash 8000 [Debit]Accumulated Depreciation 3000 [Credit] Machine 10000 [Credit]Profit on Sale 1000
[Debit] New Car[Debit] Accumulated depreciation[Credit] Cash / bank[Credit] Trade-in Old car
[Debit] Accululated Depreciation xxxx [Debit] Loss on disposal of asset xxxx [Credit] Asset account xxxx Entry 2 [debit] Profit and loss account xxxx [Credit] Loss on disposal of asset xxxx
[Debit] Accumulated Depreciation [Debit] Cash (if any) [Credit] Assets