Journal Entry for Depreciation

Last Updated : 17 Apr, 2026

Depreciation is the decrease in the value of assets(Machinery, vehicles, or buildings) 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:

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