Entering depreciation

[jcard21 xxxxxxx]

On Wed, Jan 1, 2014 at 1:36 PM, Carpetnailz
<carpetnailz at researchintegration.org> wrote:
>
> I want to enter depreciation for my car. What's not clear to me is what
> I should put into the 'Description' field. I will credit 'Assets:2012
> VW' for the amount and debit 'Expenses:CarDepreciation'.
>
> Do I need to put something in the 'Description' field? Should I just
> create an entity called 'Our Family'? Is there some standard way to do
> this in accounting?
>
> Thanks.

You could try reading here to see if this helps you:

http://www.accountingcoach.com/depreciation/explanation

-- 
jcard21