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Depreciation and Accumulated Depreciation
Depreciation and Accumulated Depreciation

How depreciation and accumulated depreciation works in Cradle

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Written by Support
Updated over a week ago

In Cradle the journal entries for the depreciation of the right of use asset are the following:

The depreciation is charged against the right of use asset.

Within Cradle, if you want to know the cost less the accumulated depreciation and the carrying amount of the right of use asset refer to the balance sheet report:

As a result, there is no need to maintain an accumulated depreciation GL account.

You can also drill down the depreciation number for any time period in the income statement or disclosure report.

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