This ledger account is used in the journal entry below, unless a different ledger account has a higher priority in the applicable financial search path.

Journal entry

When equipment is purchased for the warehouse, the following journal entry is created upon receipt:

Ledger account	Category	Type	D	C	Sum
Equipment	600	10	X		Quantity * Purchase price
Invoices to receive	600	20		X	Quantity * Purchase price

The depreciation of the equipment will be charged to the different orders. At the time the hours are processed, the journal entry is created:

Ledger account	Category	Type	D	C	Sum
Equipment WIP	610	10	X		Depends on depreciation type
Equipment	610	20		X	Depends on depreciation type

This field contains the journal date on which the purchase invoice has been processed.

This field shows the purchase invoice price of the equipment. It is filled automatically with the purchase price listed on the purchase invoice as soon as the invoice is processed. When you purchase the equipment again, this field is updated with the last purchase invoice price.

Note: The depreciation basis for the equipment is the purchase price of the equipment set on the General tab.