About depreciation

For Depreciation.

Depreciation Account ... Dr.

  To  Asset Account. 

No entries are required for accumulated depreciation. 

i guess what some one may ask towards dep is that why is dep charged , what are the boon of charging dep , provision of companies act towards charging of dep ... you should rather look for these topics in order to have a complete understanding on dep ...

Depreciation A/C Dr

To Accumalated Depreciation

Accumalated Dep Dr

To Fixed Asset

Vinita Mam,, The much i knw,, Accumulated dep is not credited to Assets,,

The entry is

Dep.

       To Acc. Dep.

This entry will be passed for the rest of Asset life.

Under Depreciation Method

Depreciation A/c .............................. Dr.

          To Fixed Asset A/c

Profit & Loss A/c ..............................Dr.

          To Depreciation A/c

Under Accumulated Dempreciation Method

Depreciation A/c .............................. Dr.

          To Accumulated Depreciation A/c

Profit & Loss A/c ..............................Dr.

          To Depreciation A/c

Balance in Accumulated Depreciation A/c is shown as a Reduction from Fixed Assets in the Balance Sheet.