Real Estate
Right-of-Use Asset Depreciation
Monthly depreciation of the ROU asset over the shorter of the lease term or the asset's useful life.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Depreciation Expense (ROU) | Expense (+) | 4,861.00 | - |
| Accumulated Depreciation (ROU) | Contra-Asset (+) | - | 4,861.00 |
💡 Accountant's Note
A JOD 350,000 ROU asset over a 6-year lease is depreciated at JOD 4,861/month. The ROU asset depreciates while the lease liability is reduced by principal payments — these are two separate calculations.
Professional Excel Template
Get the automated version of this entry. Includes built-in IFRS checks, VAT calculators, and SAP-ready upload formats.
QA
Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.