What is the accounting journal entry for depreciation?

The journal entry for depreciation contains a debit to the income statement account Depreciation Expense and a credit to the balance sheet account Accumulated Depreciation.The purpose of the journal entry for depreciation is to achieve the matching principle. In each accounting period, part of the cost of certain assets (equipment, building, vehicle) gets moved from the balance sheet to depreciation expense on the income statement so it can be matched with the revenues obtained by using these assets.

the journal entery contains a debit to the income statement account depreciation expense and a cridit to the balance sheet accumulated depreciation

 the answer should be

deprecation Expense  Dr

Accumulated  deprecation  Cr

thanks for the invitation

from depreciation expense

                                     to accumulated depreciation

accounting journal entry

              dr    depreciation expense  

                                          to  accumulated depreciation (cr

Accumulated Depreciation CR

Depreciation expense  DR

Depreciation expense Dr

     To   Accumulated depreciation

The basic journal entry for depreciation is to debit the Depreciation Expense account (which appears in the income statement) and credit the Accumulated Depreciation account (which appears in the balance sheet as a contra account that reduces the amount of fixed assets)