Entering depreciation

[Sandeep Mukherjee]

Here's how I do it. I have two accounts - an Asset account for the car
and an Expense account for the depreciation.
The asset account initially contains the full value of the car.
Thereafter, every month I calculate the depreciation amount (this is
the most difficult part), and create a transaction something like
this:

Monthly Honda Depreciation Expense:
       DEBIT   $100.00 Expenses:Auto:Depreciation-Expense
       CREDIT $100.00 Assets:Honda


Hope this helps,
Sandeep