Hello,
How to correctly account for depreciation?
Purchase of computers = 10,000
Depreciation rate 25%
Now expenses are -10,000 when they should only show -2500.
I am sending screenshots
How do I do this? Thanks.
As you have been told before, your posts indicate lack of general accounting knowledge. The depreciation rate is not an accounting entry. Your depreciation transaction depreciated the entire cost, which therefore all shows up as an expense.
Like any tool, you must understand Manager’s purpose before attempting to use it. A hammer is useless for cutting wood.
I’m starting an accounting course, I would like to know if someone can help me understand the manager in this specific case.
Do the course first. Experiment with a test business as you go. Read the relevant Guides in parallel. So far, your questions have been very basic, and answers should become obvious as you mirror the examples in the course. Your missteps so far just look like the result of not knowing what you are trying to accomplish.
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