Easy Office
LCI Learning

Depreciation entry

This query is : Resolved 
Profile Image

Profile Image

(Querist)
14 July 2014 Hello Everyone,

Machinery purchased for Rs. 3 lacs. Depreciation 12 percent on WDV method?What would be the journal entry for depreciation.
Profile Image

Sandeep Dharar

Profile Image

Sandeep Dharar (Expert)
14 July 2014 Depn Dr 36K
To Machinery 36K
(Being Depn. for the year provided)
Profile Image

Chirag Trivedi

Profile Image

Chirag Trivedi (Querist)
14 July 2014 thanks Sandeep for quick response!
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Sandeep Dharar

Profile Image

Sandeep Dharar (Expert)
14 July 2014 Welcome Chirag.



Convey ur thanks by hitting thanks button.
Profile Image

Vishnu Saboo

Profile Image

Vishnu Saboo (Expert)
15 July 2014 if you maintaining reserve account then you can pass below entry

Depreciation ac Dr
To Accumulated depreciation ac

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links