Non-Profit
Monthly Depreciation — Office & Program Assets
Recording monthly depreciation across all fixed assets used by the NGO.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Program Expense: Depreciation | Expense (+) | 300.00 | - |
| Management & General: Depreciation | Expense (+) | 150.00 | - |
| Accumulated Depreciation | Contra-Asset (+) | - | 450.00 |
💡 Accountant's Note
Depreciation is allocated across functional categories based on how each asset is used. This ensures the Statement of Functional Expenses reflects the true cost of delivering programs versus running the organization.
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