Question: Why would you make a recurring journal entry for the depreciation of a vehicle? So the Inventory Valuation Summary report makes sense at the end
Why would you make a recurring journal entry for the depreciation of a vehicle?
So the Inventory Valuation Summary report makes sense at the end of the year
You wouldn't; depreciation is done with one Journal Entry
To have the vehicle's value gradually depreclate throughout its useful life
It's a required part of the accounting cycle steps
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