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Chapter 17. Managing Assets > Troubleshooting

Troubleshooting

Entering Depreciation

I forgot to record my monthly depreciation expense last month. Do I record double the expense this month?

Consider, instead, going back to last month and making the depreciation journal entry, and then reprinting financial statements for last month. If this is not possible, you can record a double expense this month, but first check your company policy for such matters.


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