Entering depreciation

[Carpetnailz]

On Wed, 2014-01-01 at 14:15 -0500, jcard21 xxxxxxx wrote:
> On Wed, Jan 1, 2014 at 1:53 PM, Carpetnailz
> <carpetnailz at researchintegration.org> wrote:
> > On Wed, 2014-01-01 at 13:44 -0500, jcard21 xxxxxxx wrote:
> >> 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
> >>
> > I think I understand that stuff. My question was much more specific:
> > Using the GnuCash system, one put a name in the Description
> > field--either who received the payment or who the $$ came from. So when
> > entering a depreciation entry, what name if any do I put in that field?
> > Or can/should I just leave it blank?
> >
> > BTW-I know I'm ignoring the 'cost principle' by not making a "contra
> > account." But that's neither here nor there with respect to my question.
> >
> > Thanks.
> 
> Put in the Description field whatever you want ... something that
> would identify this auto depreciation from any other assets you are
> depreciating.
> 
> Also, maybe someone else can jump in with a different suggestion.
> 
OK. Thanks. It even seems to work if I leave the field blank. I just
wasn't used to doing that. I guess with 'manual' journal entries one
doesn't have a field there asking to be filled in. 

I guess maybe the 'recipient' of this expense is the universe or maybe
the second law of thermodynamics....

Thanks again.