The basic journal entry for depreciation consists of two subjects. The first one is to debit the depreciation account and this is visible in the income statement. The other is to credit the accumulated depreciation account. To know how to record depreciation in QuickBooks , read further. To make an entry, click on gear icon chart of accounts. Then click on new on the top right of the screen. Choose other expense and then click next. Choose depreciation and then click next. The last step is to enter the desired name and click on finish. For any other information kindly call +18772499444.