Journal Entries of Depreciation and Accumulated Depreciation
We have explained in this video the concept of Depreciation treatment in accounting books and how to pass the journal entries of Depreciation expense and accumulated depreciation. Also we have shown Profit and loss sample that where Depreciation expenses is located and also a sample picture of Balance sheet to show you that where you can put the Accumulated Depreciation.
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Accumulated depreciation and depreciation expense journal entry
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