SlideShare a Scribd company logo
1 of 4
PREPARING PLANT ASSET RECORDS



                                                            1

                                                            2

                                                            3




1. Complete Section 1 when asset is purchased.
2. Do not complete Section 2 until asset is disposed of.
                                                            Lesson 21-3, page 555
3. Record annual depreciation expense in Section 3.             © South-Western
                                                           Educational Publishing
JOURNALIZING ANNUAL DEPRECATION EXPENSE




                                                          2
                                     1

                                         3   3




1. Depreciation Expense Debit
2. Accumulated Depreciation Credit
                                                  Lesson 21-3, page 556
3. Record Adjusting Entry                             © South-Western
                                                 Educational Publishing
POSTING AN ADJUSTING ENTRY FOR DEPRECIATION
EXPENSE




                            1. Debit
                               Depreciation
                     2
                               Expense
                1           2. Credit
                               Accumulated
                               Depreciation




                                         Lesson 21-3, page 557
                                             © South-Western
                                        Educational Publishing
TERMS REVIEW
 plant asset record




                       Lesson 21-3, page 558
                           © South-Western
                      Educational Publishing

More Related Content

Viewers also liked

Using a checking_account
Using a checking_accountUsing a checking_account
Using a checking_accountnadinesullivan
 
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Dohyung...
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Dohyung...LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Dohyung...
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Dohyung...LTC @ CSUSB
 
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Yong Lao
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Yong LaoLTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Yong Lao
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Yong LaoLTC @ CSUSB
 
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Huasha Liu
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Huasha LiuLTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Huasha Liu
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Huasha LiuLTC @ CSUSB
 
Brochure The Brand-Tailors
Brochure The Brand-TailorsBrochure The Brand-Tailors
Brochure The Brand-TailorsMichel Simon
 
National Freight Gateway Solutions
National Freight Gateway SolutionsNational Freight Gateway Solutions
National Freight Gateway SolutionsLTC @ CSUSB
 
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Garth H...
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Garth H...LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Garth H...
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Garth H...LTC @ CSUSB
 
pp mika22
pp mika22pp mika22
pp mika22mika22
 
LTC, Annual Forum, For Whom the Road Should Toll: The Future of Toll Roads an...
LTC, Annual Forum, For Whom the Road Should Toll: The Future of Toll Roads an...LTC, Annual Forum, For Whom the Road Should Toll: The Future of Toll Roads an...
LTC, Annual Forum, For Whom the Road Should Toll: The Future of Toll Roads an...LTC @ CSUSB
 
Thomas Marvelli - An Experienced Ophthalmologist
Thomas Marvelli - An Experienced OphthalmologistThomas Marvelli - An Experienced Ophthalmologist
Thomas Marvelli - An Experienced Ophthalmologistryanhoffman01
 
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, John Wu
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, John WuLTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, John Wu
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, John WuLTC @ CSUSB
 
LTC, Annual Forum, The Direction of Technology in Transportation, 05/13/2011,...
LTC, Annual Forum, The Direction of Technology in Transportation, 05/13/2011,...LTC, Annual Forum, The Direction of Technology in Transportation, 05/13/2011,...
LTC, Annual Forum, The Direction of Technology in Transportation, 05/13/2011,...LTC @ CSUSB
 
LTC, Annual Forum, The Implementation of Visions for Regional Economic and En...
LTC, Annual Forum, The Implementation of Visions for Regional Economic and En...LTC, Annual Forum, The Implementation of Visions for Regional Economic and En...
LTC, Annual Forum, The Implementation of Visions for Regional Economic and En...LTC @ CSUSB
 

Viewers also liked (17)

Lesson 2 3
Lesson 2 3Lesson 2 3
Lesson 2 3
 
Using a checking_account
Using a checking_accountUsing a checking_account
Using a checking_account
 
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Dohyung...
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Dohyung...LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Dohyung...
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Dohyung...
 
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Yong Lao
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Yong LaoLTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Yong Lao
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Yong Lao
 
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Huasha Liu
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Huasha LiuLTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Huasha Liu
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Huasha Liu
 
Brochure The Brand-Tailors
Brochure The Brand-TailorsBrochure The Brand-Tailors
Brochure The Brand-Tailors
 
Embedded System and C Programming is Extremely Useful
Embedded System and C Programming is Extremely UsefulEmbedded System and C Programming is Extremely Useful
Embedded System and C Programming is Extremely Useful
 
National Freight Gateway Solutions
National Freight Gateway SolutionsNational Freight Gateway Solutions
National Freight Gateway Solutions
 
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Garth H...
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Garth H...LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Garth H...
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, Garth H...
 
pp mika22
pp mika22pp mika22
pp mika22
 
LTC, Annual Forum, For Whom the Road Should Toll: The Future of Toll Roads an...
LTC, Annual Forum, For Whom the Road Should Toll: The Future of Toll Roads an...LTC, Annual Forum, For Whom the Road Should Toll: The Future of Toll Roads an...
LTC, Annual Forum, For Whom the Road Should Toll: The Future of Toll Roads an...
 
Timts ms office uses and components
Timts ms office  uses and componentsTimts ms office  uses and components
Timts ms office uses and components
 
Digital marketing
Digital marketingDigital marketing
Digital marketing
 
Thomas Marvelli - An Experienced Ophthalmologist
Thomas Marvelli - An Experienced OphthalmologistThomas Marvelli - An Experienced Ophthalmologist
Thomas Marvelli - An Experienced Ophthalmologist
 
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, John Wu
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, John WuLTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, John Wu
LTC, Jack R. Widmeyer Transportation Research Conference, 11/04/2011, John Wu
 
LTC, Annual Forum, The Direction of Technology in Transportation, 05/13/2011,...
LTC, Annual Forum, The Direction of Technology in Transportation, 05/13/2011,...LTC, Annual Forum, The Direction of Technology in Transportation, 05/13/2011,...
LTC, Annual Forum, The Direction of Technology in Transportation, 05/13/2011,...
 
LTC, Annual Forum, The Implementation of Visions for Regional Economic and En...
LTC, Annual Forum, The Implementation of Visions for Regional Economic and En...LTC, Annual Forum, The Implementation of Visions for Regional Economic and En...
LTC, Annual Forum, The Implementation of Visions for Regional Economic and En...
 

More from nadinesullivan (20)

Channels of distribution pp txx
Channels of distribution pp txxChannels of distribution pp txx
Channels of distribution pp txx
 
Sales promotion ppt
Sales promotion pptSales promotion ppt
Sales promotion ppt
 
Lesson 24 2
Lesson 24 2Lesson 24 2
Lesson 24 2
 
Lesson 24 1
Lesson 24 1Lesson 24 1
Lesson 24 1
 
Lesson 23 1
Lesson 23 1Lesson 23 1
Lesson 23 1
 
Lesson 23 3
Lesson 23 3Lesson 23 3
Lesson 23 3
 
Lesson 22 4
Lesson 22 4Lesson 22 4
Lesson 22 4
 
Lesson 22 2
Lesson 22 2Lesson 22 2
Lesson 22 2
 
Lesson 22 1
Lesson 22 1Lesson 22 1
Lesson 22 1
 
Lesson 21 2
Lesson 21 2Lesson 21 2
Lesson 21 2
 
Lesson 21 1
Lesson 21 1Lesson 21 1
Lesson 21 1
 
Lesson 22 3
Lesson 22 3Lesson 22 3
Lesson 22 3
 
Lesson 20 2
Lesson 20 2Lesson 20 2
Lesson 20 2
 
Lesson 20 1
Lesson 20 1Lesson 20 1
Lesson 20 1
 
Lesson 20 3
Lesson 20 3Lesson 20 3
Lesson 20 3
 
Lesson 19 3
Lesson 19 3Lesson 19 3
Lesson 19 3
 
Lesson 19 1
Lesson 19 1Lesson 19 1
Lesson 19 1
 
Lesson 19 2
Lesson 19 2Lesson 19 2
Lesson 19 2
 
Lesson 18 4
Lesson 18 4Lesson 18 4
Lesson 18 4
 
Lesson 18 3
Lesson 18 3Lesson 18 3
Lesson 18 3
 

Recently uploaded

Powerful Google developer tools for immediate impact! (2023-24 C)
Powerful Google developer tools for immediate impact! (2023-24 C)Powerful Google developer tools for immediate impact! (2023-24 C)
Powerful Google developer tools for immediate impact! (2023-24 C)wesley chun
 
08448380779 Call Girls In Civil Lines Women Seeking Men
08448380779 Call Girls In Civil Lines Women Seeking Men08448380779 Call Girls In Civil Lines Women Seeking Men
08448380779 Call Girls In Civil Lines Women Seeking MenDelhi Call girls
 
Finology Group – Insurtech Innovation Award 2024
Finology Group – Insurtech Innovation Award 2024Finology Group – Insurtech Innovation Award 2024
Finology Group – Insurtech Innovation Award 2024The Digital Insurer
 
Axa Assurance Maroc - Insurer Innovation Award 2024
Axa Assurance Maroc - Insurer Innovation Award 2024Axa Assurance Maroc - Insurer Innovation Award 2024
Axa Assurance Maroc - Insurer Innovation Award 2024The Digital Insurer
 
Real Time Object Detection Using Open CV
Real Time Object Detection Using Open CVReal Time Object Detection Using Open CV
Real Time Object Detection Using Open CVKhem
 
A Year of the Servo Reboot: Where Are We Now?
A Year of the Servo Reboot: Where Are We Now?A Year of the Servo Reboot: Where Are We Now?
A Year of the Servo Reboot: Where Are We Now?Igalia
 
The 7 Things I Know About Cyber Security After 25 Years | April 2024
The 7 Things I Know About Cyber Security After 25 Years | April 2024The 7 Things I Know About Cyber Security After 25 Years | April 2024
The 7 Things I Know About Cyber Security After 25 Years | April 2024Rafal Los
 
Factors to Consider When Choosing Accounts Payable Services Providers.pptx
Factors to Consider When Choosing Accounts Payable Services Providers.pptxFactors to Consider When Choosing Accounts Payable Services Providers.pptx
Factors to Consider When Choosing Accounts Payable Services Providers.pptxKatpro Technologies
 
From Event to Action: Accelerate Your Decision Making with Real-Time Automation
From Event to Action: Accelerate Your Decision Making with Real-Time AutomationFrom Event to Action: Accelerate Your Decision Making with Real-Time Automation
From Event to Action: Accelerate Your Decision Making with Real-Time AutomationSafe Software
 
🐬 The future of MySQL is Postgres 🐘
🐬  The future of MySQL is Postgres   🐘🐬  The future of MySQL is Postgres   🐘
🐬 The future of MySQL is Postgres 🐘RTylerCroy
 
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...Miguel Araújo
 
A Call to Action for Generative AI in 2024
A Call to Action for Generative AI in 2024A Call to Action for Generative AI in 2024
A Call to Action for Generative AI in 2024Results
 
Exploring the Future Potential of AI-Enabled Smartphone Processors
Exploring the Future Potential of AI-Enabled Smartphone ProcessorsExploring the Future Potential of AI-Enabled Smartphone Processors
Exploring the Future Potential of AI-Enabled Smartphone Processorsdebabhi2
 
Automating Google Workspace (GWS) & more with Apps Script
Automating Google Workspace (GWS) & more with Apps ScriptAutomating Google Workspace (GWS) & more with Apps Script
Automating Google Workspace (GWS) & more with Apps Scriptwesley chun
 
08448380779 Call Girls In Greater Kailash - I Women Seeking Men
08448380779 Call Girls In Greater Kailash - I Women Seeking Men08448380779 Call Girls In Greater Kailash - I Women Seeking Men
08448380779 Call Girls In Greater Kailash - I Women Seeking MenDelhi Call girls
 
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...Drew Madelung
 
How to convert PDF to text with Nanonets
How to convert PDF to text with NanonetsHow to convert PDF to text with Nanonets
How to convert PDF to text with Nanonetsnaman860154
 
Presentation on how to chat with PDF using ChatGPT code interpreter
Presentation on how to chat with PDF using ChatGPT code interpreterPresentation on how to chat with PDF using ChatGPT code interpreter
Presentation on how to chat with PDF using ChatGPT code interpreternaman860154
 
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...Igalia
 
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024The Digital Insurer
 

Recently uploaded (20)

Powerful Google developer tools for immediate impact! (2023-24 C)
Powerful Google developer tools for immediate impact! (2023-24 C)Powerful Google developer tools for immediate impact! (2023-24 C)
Powerful Google developer tools for immediate impact! (2023-24 C)
 
08448380779 Call Girls In Civil Lines Women Seeking Men
08448380779 Call Girls In Civil Lines Women Seeking Men08448380779 Call Girls In Civil Lines Women Seeking Men
08448380779 Call Girls In Civil Lines Women Seeking Men
 
Finology Group – Insurtech Innovation Award 2024
Finology Group – Insurtech Innovation Award 2024Finology Group – Insurtech Innovation Award 2024
Finology Group – Insurtech Innovation Award 2024
 
Axa Assurance Maroc - Insurer Innovation Award 2024
Axa Assurance Maroc - Insurer Innovation Award 2024Axa Assurance Maroc - Insurer Innovation Award 2024
Axa Assurance Maroc - Insurer Innovation Award 2024
 
Real Time Object Detection Using Open CV
Real Time Object Detection Using Open CVReal Time Object Detection Using Open CV
Real Time Object Detection Using Open CV
 
A Year of the Servo Reboot: Where Are We Now?
A Year of the Servo Reboot: Where Are We Now?A Year of the Servo Reboot: Where Are We Now?
A Year of the Servo Reboot: Where Are We Now?
 
The 7 Things I Know About Cyber Security After 25 Years | April 2024
The 7 Things I Know About Cyber Security After 25 Years | April 2024The 7 Things I Know About Cyber Security After 25 Years | April 2024
The 7 Things I Know About Cyber Security After 25 Years | April 2024
 
Factors to Consider When Choosing Accounts Payable Services Providers.pptx
Factors to Consider When Choosing Accounts Payable Services Providers.pptxFactors to Consider When Choosing Accounts Payable Services Providers.pptx
Factors to Consider When Choosing Accounts Payable Services Providers.pptx
 
From Event to Action: Accelerate Your Decision Making with Real-Time Automation
From Event to Action: Accelerate Your Decision Making with Real-Time AutomationFrom Event to Action: Accelerate Your Decision Making with Real-Time Automation
From Event to Action: Accelerate Your Decision Making with Real-Time Automation
 
🐬 The future of MySQL is Postgres 🐘
🐬  The future of MySQL is Postgres   🐘🐬  The future of MySQL is Postgres   🐘
🐬 The future of MySQL is Postgres 🐘
 
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
 
A Call to Action for Generative AI in 2024
A Call to Action for Generative AI in 2024A Call to Action for Generative AI in 2024
A Call to Action for Generative AI in 2024
 
Exploring the Future Potential of AI-Enabled Smartphone Processors
Exploring the Future Potential of AI-Enabled Smartphone ProcessorsExploring the Future Potential of AI-Enabled Smartphone Processors
Exploring the Future Potential of AI-Enabled Smartphone Processors
 
Automating Google Workspace (GWS) & more with Apps Script
Automating Google Workspace (GWS) & more with Apps ScriptAutomating Google Workspace (GWS) & more with Apps Script
Automating Google Workspace (GWS) & more with Apps Script
 
08448380779 Call Girls In Greater Kailash - I Women Seeking Men
08448380779 Call Girls In Greater Kailash - I Women Seeking Men08448380779 Call Girls In Greater Kailash - I Women Seeking Men
08448380779 Call Girls In Greater Kailash - I Women Seeking Men
 
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
 
How to convert PDF to text with Nanonets
How to convert PDF to text with NanonetsHow to convert PDF to text with Nanonets
How to convert PDF to text with Nanonets
 
Presentation on how to chat with PDF using ChatGPT code interpreter
Presentation on how to chat with PDF using ChatGPT code interpreterPresentation on how to chat with PDF using ChatGPT code interpreter
Presentation on how to chat with PDF using ChatGPT code interpreter
 
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...
 
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
 

Les 21 3

  • 1. PREPARING PLANT ASSET RECORDS 1 2 3 1. Complete Section 1 when asset is purchased. 2. Do not complete Section 2 until asset is disposed of. Lesson 21-3, page 555 3. Record annual depreciation expense in Section 3. © South-Western Educational Publishing
  • 2. JOURNALIZING ANNUAL DEPRECATION EXPENSE 2 1 3 3 1. Depreciation Expense Debit 2. Accumulated Depreciation Credit Lesson 21-3, page 556 3. Record Adjusting Entry © South-Western Educational Publishing
  • 3. POSTING AN ADJUSTING ENTRY FOR DEPRECIATION EXPENSE 1. Debit Depreciation 2 Expense 1 2. Credit Accumulated Depreciation Lesson 21-3, page 557 © South-Western Educational Publishing
  • 4. TERMS REVIEW plant asset record Lesson 21-3, page 558 © South-Western Educational Publishing