2006-10-08 11:04:46 · 5 answers · asked by Machiavelli 1 in Business & Finance ➔ Other - Business & Finance
You have to record a debit to the Depreciation Expense an a credit to the accumulated Depreciation Account. This accumulated depreciation account is part of the fix assets; it reduce the original value of the fix asset.
2006-10-08 15:03:56 · answer #1 · answered by latin_racer0376 2 · 0⤊ 0⤋
How To Record Accumulated Depreciation
2016-10-15 06:02:11 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Every transaction must have a dual effect, but the BALANCE in any account is not the same as a transaction. The balance in Accumulated Depreciation came about by debiting depreciation expense and crediting Accumulated Depreciation. The balance in every account is carried to either the Income Statement or the Balance Sheet. Depreciation expense goes on the Income Statement. Accum Deprec goes on the Balance Sheet.
2016-03-17 08:15:05 · answer #3 · answered by Scharri 4 · 0⤊ 0⤋
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RE:
How do I record accumulated Depreciation?
2015-08-18 09:01:14 · answer #4 · answered by Diego 1 · 0⤊ 0⤋
I have no idea what you're talking about.
But if you want to estimate how much something has depreciated, go to a specific source, like edmunds.com for cars, or a realty website for houses.
2006-10-08 11:07:17 · answer #5 · answered by PJ 3 · 0⤊ 1⤋
As an asset in the balance sheet
2006-10-08 11:19:31 · answer #6 · answered by Kimberly B 1 · 0⤊ 0⤋