Journal Entry for Depreciation?


A person can adjust journal entries for depreciation by determining the estimate changes. The depreciation figures also need to be determined. The Depreciation expense needs to be logged.
Q&A Related to "Journal Entry for Depreciation?"
1. Find the original journal entry. For example, a company has a car that depreciates at $5,000 a year. The journal entry would be: debit "Depreciation Expense" by $5,000
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
DR Cash $150. DR Accumulated Depreciation $100. CR Equipment $200. CR Gain/(Loss) on Sale of Equipment $50. If you sold it for a $50 loss, the entry would be the same except that
Always put the date first. Put your thoughts on paper, just let the pen flow and write what you are feeling. Everyone should keep a journal, it's relaxing.
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Adjusting entries are types of journal entries. These are used in accounting for periods of income and expenses. It is a way of keeping track of cash flow in any ...
dr loss on asset retirement. dr accumulated depreciation. cr asset-server. if sold. cash would be debited and loss would be debited or gain credited. ...
A journal entry is an accounting term. It is the process where you input or write down your accounting information into the general ledger. ...
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