Non-Profit
Donated Asset — Subsequent Depreciation
Depreciating a vehicle that was donated and recorded at fair value.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Program Expense: Depreciation (Donated Asset) | Expense (+) | 133.00 | - |
| Accumulated Depreciation (Donated Vehicle) | Contra-Asset (+) | - | 133.00 |
💡 Accountant's Note
Donated assets are depreciated the same way as purchased assets — starting from the recorded fair value. A vehicle worth JOD 8,000 with a 5-year life generates JOD 133/month of depreciation.
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