You want to to leave the debit balance at year-end - it's no different from any other expense account. The depreciation expense account reduces your revenue to come up with net income. QB closes net income to retained earnings as of Jan. 1.
You want to to leave the debit balance at year-end - it's no different from any other expense account. The depreciation expense account reduces your revenue to come up with net income. QB closes net income to retained earnings as of Jan. 1.
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