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What type of expense are office salaries depreciation of office equipment and office supplies?
Administrative expenses
Is the Depreciation a loss or an Expense?
An expense.
Does office depreciation expense go on income statement?
yes, under operating expenses
Does a depreciation expense increase or decrease cash flow?
Neither. Depreciation is a non-cash expense.
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 kind of operating expense is depreciation selling expense or general administrative expense?
Examples of operating expense ==> depreciation expense of a machine, impairment of goodwill Example of selling expense ==> advertising Example of general administrative expense ==> office expense
Depreciation expense of building is a administrative expense or a selling expense?
selling expense
What type of expense are office salaries depreciation of office equipment and office supplies?
Administrative expenses
Is depreciation expense an asset or liability?
Depreciation expense is neither an asset or liability. It is an expense.
Is depreciation expenses a non-cash expense?
is depreciation expense a non-cash expense
Does rent expense go under selling or general and administrative expenses?
administrative expenses;
Is the Depreciation a loss or an Expense?
An expense.
Accumulated depreciation and depreciation expense?
Using accumulated depreciation and depreciation expense is a way that businesses can realize the true value of assets. A piece of equipment, for example, is devalued every year by the process of amortizing the asset. This in turn is recorded as depreciation and depreciation expense.
Does office depreciation expense go on income statement?
yes, under operating expenses
Does a depreciation expense increase or decrease cash flow?
Neither. Depreciation is a non-cash expense.
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 entry to record depreciation expense?
There are two entries to record Depreciation Expense. Say we are depreciating a TruckDebit Depreciation Expense - Equipment TruckCredit Accumulated Depreciation - Equipment TruckAt the end of the Accounting Cycle when the books are closed Depreciation Expense will be closed out, Accumulated Depreciation will not be. It remains on the books as long as the item being depreciated is in use and still listed as an Asset.
