Education
Campus Building Annual Depreciation
Monthly depreciation charge on the school's owned building.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Depreciation Expense (Buildings) | Expense (+) | 12,500.00 | - |
| Accumulated Depreciation (Buildings) | Contra-Asset (+) | - | 12,500.00 |
💡 Accountant's Note
A JOD 15,000,000 campus building with a 100-year life depreciates at JOD 12,500/month. Buildings are the largest asset on a school's balance sheet and their depreciation is a significant non-cash expense.
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