# Depreciation fixed assets (expense) account

**URL:** <https://forum.manager.io/t/depreciation-fixed-assets-expense-account/8222>\
**Category:** Uncategorized\
**Created:** [January 4, 2017, 1:12pm UTC](https://forum.manager.io/t/depreciation-fixed-assets-expense-account/8222 "2017-01-04T13:12:39Z")\
**Posts on this page:** 1\
**Showing post:** 4

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**Author:** ![Tut](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/tut/32/3286_2.png) [@Tut](https://forum.manager.io/u/Tut)\
**Post date:** [January 6, 2017, 8:05pm UTC](https://forum.manager.io/t/depreciation-fixed-assets-expense-account/8222/4 "2017-01-06T20:05:56Z")

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@Nomullies, you can record the purchase of a fixed asset as described in this Guide:

> [@Purchasing fixed asset](https://forum.manager.io/t/purchasing-fixed-asset/5504):
>
> To enter a fixed asset you purchased, firstly you need to create the fixed asset. Go to Fixed Assets tab. Click New Fixed Asset button. Enter details of the fixed asset. Click Create button. Once you create the fixed asset, you will notice the purchase cost is zero. This is because under double-entry accounting you cannot simply enter the purchase cost without entering the actual purchase or payment transaction. Purchase of the fixed asset can be recorded under following tabs: Cash Account…

What exactly do you mean by “The amount of the value of the fixed asset shows up in equity, which is not acceptable?” If you follow the instructions linked to above, the purchase cost of the asset will be added to the `Fixed assets` account, which is a control account created automatically when the `Fixed Assets` tab is enabled. If you are doing things any other way, the asset cost and depreciation features of the program will not work.

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