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Journal Entry for Depreciation

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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: 

  1. Machinery purchased for ₹20,000.
  2. Depreciation charged on machinery @10%.

Solution:

 


Last Updated : 05 Apr, 2023
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