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.
Accumulated depreciation is the grand total of all depreciation expense that has been recognized to date on a fixed asset. As such, it is considered a contra asset account, which means that it contains a negative balance that is intended to offset the asset account with which it is paired, resulting in a net book value. Accumulated depreciation is classified separately from normal asset and liability accounts, for the following reasons: