Journal Entry for Depreciation Last Updated : 05 Apr, 2023 Improve Improve Like Article Like Save Share Report Depreciation is the decrease in the value of assets due to use or normal wear and tear. Journal Entry: Example: Depreciation charged on machinery ₹5,000. Solution: Example: Machinery purchased for ₹20,000. Depreciation charged on machinery @10%. Solution: Like Article Suggest improvement Previous Journal Entry for Sale and Purchase of Assets Next Journal Entry for Discount Allowed and Received Share your thoughts in the comments Add Your Comment Please Login to comment...