Depreciation and Amortizationhttps://lukeko.com/7/depreciation-and-amortization 0
- Create a Long-term Asset account (or Equipment account) and name it something like "Printer"
- Create an Accumulated Amortization Equipment account. Name it something like "Accumulated Depreciation: Printer"
- Select Purchases on the left-hand side, select Bills and then Create a bill for the printer and mark it as paid
- Add Journal Transaction (and repeat each year till sold or accumulated depreciation used up -- see here)
|Accumulated Depreciation: Printer||$50|
good discussion about this topic is at