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depreciation

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Tax Consultant
1029 Points Posted on 08 March 2017
What is the journal entry when a depreciation method is changed and there is excess depreciation?
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On 08 March 2017 at 16:30 Report
Replies (6)
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student
5908 Points Posted on 09 March 2017
if u need to charge more depreciation then
depreciation a/c ... dr
to fixed asset
then
profit and loss a/c
to depreciation
23 Reply
On 09 March 2017 at 12:33
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Tax Consultant
1029 Points Posted on 09 March 2017
No I meant the other side of the fence
1 Reply
On 09 March 2017 at 15:27
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student
5908 Points Posted on 09 March 2017
I didn't understand u
23 Reply
On 09 March 2017 at 15:58
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Tax Consultant
1029 Points Posted on 10 March 2017
I meant that excess depreciation has been charged already..
1 Reply
On 10 March 2017 at 01:51
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student
5908 Points Posted on 10 March 2017
so now u want to increase the value of asset ?
23 Reply
On 10 March 2017 at 01:57
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student
5908 Points Posted on 10 March 2017
If u have to increas value of asset then,
Fixed asset a/c ... dr excess dep
to depreciation
and then
depreciation
to pnl
23 Reply
On 10 March 2017 at 02:09


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