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Re: Example of depreciation transactions?



Hi Tony

My understanind is like this:

                              Debit            Credit
  Purchase a $3oo printer:
Office Equipment                300.00
Bank Account                                      300.00

I assume that "Office Equipment" is your asset account in this example? I only confirm that detail because it was something like the name I was using for my expense account in the first example?

Thanks everyone

Ed W