Depreciate an asset

You depreciate fixed assets to spread the cost of the asset over its useful life.

Use the same procedure to deplete natural resources or amortize intangible assets.

To enter a depreciation transaction:

1. Click Create (+) > Journal Entry.
2. On the first line enter:

   Account	The expense account you use to track depreciation.
   Debit	Amount of depreciation.

3. On the second line, enter:

   Account	The asset subaccount that tracks the depreciation.
   Credit	Amount of depreciation.

4. Click Save and close.