Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
BLACK FRIDAY SALE 70% OFF QuickBooks for 3 months* Ends 11/30
Buy nowHello,
I have a camera that was purchased for my LLC for $4,000. It is being used 75% for business use and 25% personal. I'd like to record the asset's correct book value and depreciation. I'll be 179 depreciating the asset's full business use value this year.
I am trying to figure out what accounts to debit and credit for these transactions on Quickbooks Online.
I know the entries if these was 100% business use. The part that is confusing me is the personal %. If below are the 100% business use entries, how do they change to account for the $1,000 personal percentage of use?
If 100% business.
purchase:
debit - $4,000 computer fixed asset
credit - $4,000 checking account
depreciation:
debit -$4,000 depreciation expense
credit - $4,000 accum depreciation
If 75% business use and 25% personal use, then how is that accounted for in Quickbooks Online?
Thanks so much,
Aaron