Power-wash your roof to remove as much dirt and debris as possible. Seal around nail holes and other openings in the roof with outdoor caulk, just as you would seal the joints. Allow the caulk to dry, usually two to three hours. Cut in tight areas and corners of the roof with sealant using a paintbrush. Spread sealant over the rest of the roof with a paint roller designed for sealant. An extendable handle can make this job easier. If you can't find a paint roller that specifies it can be used for sealer, try a standard paint roller with thin nap.
Accumulated depreciation is a contra-asset account and show in the asset section of the Balance Sheet. It is called contra-asset account because contrary to any asset account â¦ Acc. Dep. is a credit type of account. The offset of Accumulated depreciation is to Debit the expense account Depreciation.
As long as the asset is on the balance sheet, the accumulated depreciation needs to be as well. 1  For example, after ten years, the asset in the example above will still be recorded on the balance sheet at its cost of $10,000. You will then open the Accumulated Depreciation account, and enter a credit entry for $1,000. 2  In doing this, you have made the year's $1,000 in depreciation for the asset appear as an expense on the income statement. 3  You are also increasing accumulated depreciation by $1,000.