Answer / sameer

Depreciation a/c dr
to accumlated depreciation

dericiation will go to p&l. accumlated depriciations is a contra asset it will be shown on the balance sheet under fixed asset " less accumlated depreciation"
the reason for accumalted depriciation is to show in the balance sheet the book value of our asset and how much depriciation we have provided on this assest

Answer / syedghouse

Accumulated Depreciation on Land&Uilding A/c------Dr.
to Land&Uilding A/c

Answer / rajiv

Deprecition Account DR 500,000.00 -
FIXED ASSETS CR - 500,000.00

Answer / venkata

accumulated depriciation a/c ..dr
to cash a/c

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