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Depreciation journal entry

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 June 2013 Dear Sir
I have a doubt on Depreciation. My following entry is right or wrong if wrong please rectify me

Depreciation Expense ( Ind.Expense) Dr
To Acc.Depreciation Furniture(F.Assets)

Depreciation Expense ( Ind.Expense) Dr
To Acc.Depreciation Computer(F.Assets)

I did because we can track at any time the original cost of the assets.
It is right.
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Ganeshbabu K

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Ganeshbabu K (Expert)
15 June 2013 Yes..it is correct..

Thanks & regards'
Ganesh babu k

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