GL Accounts for Depreciation


1 comment

  • Sean Tame

    Can you please provide a brief description of the following (and the typical accounts that each would be set to?)

    * DR Asset Cost
    * CR Asset Cost Clearing

    * DR CIP Cost
    * CR CIP Cost Clearing

    * DR Depreciation Expense
    * CR Accumulated Depreciation

    * DR Proceeds
    * CR Gain/Loss


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