Depreciation Accounting | Journal Entries by Charging Depreciation to Asset Account 📘📉
Автор: Accounting Hub
Загружено: 2026-01-17
Просмотров: 2
Learn Depreciation Accounting with a clear explanation of journal entries when depreciation is charged directly to the asset account, as per GAAP-related basics. 📘✨
Depreciation represents the systematic reduction in the value of fixed assets due to usage, time, or wear and tear. 🏭📉
When depreciation is charged to the asset account, the asset’s book value is reduced directly instead of using a separate depreciation account. 📊🧾
This method helps show assets at their net book value in the balance sheet. Understanding this treatment ensures accurate profit calculation and compliance with accounting principles.
Ideal for Class 11, Class 12, and B.Com students. 🎓📚
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