DogMart Company records depreciation for equipment. Depreciation for the period ending December 31 is $2,440 for office equipment and $6,230 for production equipment. Prepare the two entries to record the depreciation.

The two journal entries to record the depreciation is shown below:

On December 31

Depreciation expense - office equipment $2,440

To Accumulated depreciation - office equipment $2,440

(Being the depreciation expense is recorded)

On December 31

Depreciation expense - production equipment $6,230

To Accumulated depreciation - production equipment $6,230

(Being the depreciation expense is recorded)