How to Account for One-Time Depreciation of a Car?

[JesseLynn]

For one-time depreciation of a car, debit the management expenses account and credit the accumulated depreciation account. Below are the specific precautions for vehicle inspection upon delivery: 1. Inspect the body: Visually examine the car's paint surface for scratches and wear. Check for color differences in the paint under sufficient sunlight by opening the doors and adjusting angles to let light shine from various directions to inspect the smoothness of the sheet metal. 2. Test the doors: Open the doors to check if they operate smoothly and ensure the gaps between the doors and the front/rear bumpers are consistent. 3. Inspect the engine: Open the engine hood to check if the engine compartment is clean. If the car has been stored for a long time or used, there may be noticeable dust or stains in certain areas. 4. Check the glass: Verify if the windshield is original.