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.
Depreciation expense records the value of depreciation that has been moved from the balance sheet and onto the income statement during the period. When fixed assets depreciate, a journal entry is made to credit, or increase, the amount of accumulated depreciation associated with the fixed asset. Simultaneously, an equivalent debit is made to increase the amount of depreciation expense for the period.