An Accountant forgot to depreciate an asset last 3 years. so please suggest the entries and effects for the pv year and current year depreciation.

 Dr/ Accumulated depreciation with the three years and credit provision for depreciation

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if the amount of depriciation is pervasive to the financial statments the accountant will take its effect retrospectively from the last financial statements as well and Vice Versa.

once accounting year closed we can't do back dated entries any way we can made all 3 previous yrs depriciation we can pass entry current accounting year

company maintain Provision Method dep then entry will be as follows-

Depriciation                Dr

(Depriciation provided for 2013/2014 & 2015)

Prov.for Depriciation       Cr.

(Accumulated Depr as on 31.12.15)

Above entry Effect on Financial statements

Current year P&L will reduced

when comparative balance sheet made asset value mismatch