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.
What is a contra asset account? A contra asset account is an asset account where the balance will be either a credit balance or a zero balance. (A debit balance in a contra asset account will violate the cost principle.) Since a credit balance in an asset account is contrary to the normal or expected debit balance the account is referred to as a contra asset account. The most common contra asset account is Accumulated Depreciation. Accumulated Depreciation is associated with property, plant and equipment and it is credited when Depreciation Expense is recorded. Recording the credits in the Accumulated Depreciation means that the cost of the property, plant and equipment will continue to be reported. Reporting the accumulated depreciation separately allows the readers of the balance sheet to see how much of the cost has been depreciated and how much has ...