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.
It depends on the context of your question. If you are talking about a single fixed asset, the answer is yes. One way to think of it is that depreciation expense and accumulated depreciation work in tandem. What happens to one happens to the other. The distinction between the two accounts is that depreciation expense (as with all operating expenses) resets back to zero at the end of the year. These are considered period expenses. Accumulated depreciation, in contrast, is a balance sheet account.