DogMart Company records depreciation for equipment. Depreciation for the period ending December 31 is $1,400 for office equipment and $2,650 for production equipment. Prepare the two entries to record the depreciation.

December 31 (office equipment depreciation expense)

Dr Depreciation Expense - office equipment 1,400 Cr Accumulated Depreciation - office equipment 1,400

Dec. 31 (production equipment depreciation expense)

Dr Depreciation Expense - production equipment 2,650 Cr Accumulated Depreciation - production equipment 2,650

Explanation:

Since depreciation is an expense and it increases, it should be debited.

Since accumulated depreciation is a contra asset account and it increases, it should be credited.