Journals for depreciationForums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › Journals for depreciationThis topic has 1 reply, 2 voices, and was last updated 8 years ago by neilsolaris.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts October 7, 2015 at 7:45 pm #275461 forfor1MemberTopics: 1Replies: 0☆Hi i need some help regarding this topic.what are the journals for depreciation in regards to fixed assets?any detailed answer appreciated, thanks October 14, 2015 at 8:50 pm #276349 neilsolarisMemberTopics: 59Replies: 415☆☆☆It is credit asset, debit retained earnings.Sometimes, if the asset has been revalued upwards, then the excess depreciation can be debitted to other components of equity, if so elected. But you might want to check I understand this right.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In