close · 4 min
Monthly depreciation
$4,800 mower, five-year life, straight-line, no salvage, monthly books.
Post one month of depreciation on the mower.
$4,800 / 60 months = $80. Debit the expense, credit accumulated depreciation.
0/27 lessons · 0/20 drills
close · 4 min
$4,800 mower, five-year life, straight-line, no salvage, monthly books.
Post one month of depreciation on the mower.
$4,800 / 60 months = $80. Debit the expense, credit accumulated depreciation.