what is the journal entry of charging depreciation on computer ?
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The basic journal entry for depreciation is to debit the Depreciation Expense account (which appears in the income statement) and credit the Accumulated Depreciation account (which appears in the balance sheet as a contra account that reduces the amount of fixed assets).
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the basic journal entry for depreciation expense account or credit the accumulated depreciation account ( which appears in the balance sheet a contra account that reduces the amount of fixed assets).
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