Education
Campus Vehicle Purchase & Depreciation
Buying a minibus for student transport and field trips.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Vehicles (Fixed Asset) | Asset (+) | 35,000.00 | - |
| Cash / Loan Payable | Asset/Liability (-) | - | 35,000.00 |
💡 Accountant's Note
School vehicles are fixed assets depreciated over their useful life (typically 5-8 years). They are often financed through installment loans.
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