Fixed asset without depreciation

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FAQ : Why is it that the fixed asset - Office equipment is without accumulated depreciation?

 

 

Answer :
The accumulated depreciation account of office equipment is not linked to the office equipment asset account. You need to assign a fixed asset to each accumulated depreciation accounts.

 

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Related Topics

Chart of accounts - Fixed Asset & Accumulated Depreciation

 

Payment to supplier for the purchase of fixed asset

 

 

 

 

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