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How is depreciation recorded in accounting? Find the Answer at BYJU'S
How is depreciation recorded in accounting? Find the Answer at BYJU'S
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Solution
Depreciation or deterioration cost is recorded to apportion expenses for the period in which a resource is utilized.
The journal for devaluation cost is:
Dr. Depreciation Expense
Cr. Accumulated Depreciation
Also see:
Depreciation or deterioration cost is recorded to apportion expenses for the period in which a resource is utilized.
The journal for devaluation cost is:
Dr. Depreciation Expense
Cr. Accumulated Depreciation
Also see:
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