Comments on: Adjusting journal entry amortization question!? http://reversemortgage.info-junction.net/adjusting-journal-entry-amortization-question/ What is Reverse Mortgage, How does reverse mortgage work, Advantages & Disadvantages of reverse mortgage. Mon, 30 Jan 2012 01:01:00 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: nico http://reversemortgage.info-junction.net/adjusting-journal-entry-amortization-question/comment-page-1/#comment-15465 nico Sat, 06 Feb 2010 10:16:27 +0000 http://reversemortgage.info-junction.net/adjusting-journal-entry-amortization-question/#comment-15465 you missed out sone important data - what is the original cost of the building? how old is the building now? it is fully depreciated? original cost minus the accumulated amortization should equal the residual value. the contra-account for the adjustment on accumulated depreciation would be the depreciation expense. you missed out sone important data – what is the original cost of the building? how old is the building now? it is fully depreciated?

original cost minus the accumulated amortization should equal the residual value. the contra-account for the adjustment on accumulated depreciation would be the depreciation expense.

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