Can the Depreciation on Assets be recorded in Single Entry system?

No, it cannot be possible.

What do you mean by Computer Hardware?

The computer is made with different components these components are the Hardware some Hardware work as input device and while some work as Output devices.

What is accounting Depreciation?

When an Asset lost its book value or purchased value this reduction in price is referred as Depreciation in the value. It's mandatory to make the depreciation in Fixed Assets every year at some certain prescribed rates.

What is GAAPs in accounting?

All the Principals of Accounts, connects relating to Accounts are known as Generally Accepted Accounting Principles or GAAPs.

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