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Chapter 17. Managing Assets > Recording Depreciation with a General Journal Ent...

Recording Depreciation with a General Journal Entry

After you figure out how much depreciation expense to deduct for each of your assets, you must record this depreciation.

You might choose to record an entire year’s worth of depreciation at the end of the year, or you might make monthly or quarterly adjustments for depreciation so that the financial statements you produce during the year reflect an accurate amount for depreciation.


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