Green Energy Enterprises Inc. (GYOG)

[eddy2]

Every accounting period, depreciation of asset charged during the year is credited to the Accumulated Depreciation account until the asset is disposed. Accumulated depreciation is subtracted from the asset's cost to arrive at the net book value that appears on the face of the balance sheet. Using the last example, following double entries will be recorded in respect of depreciation:
- See more at: http://accounting-simplified.com/financial/fixed-assets/depreciation-methods/#sthash.4BpEOAZ6.dpuf